TC Energy declares quarterly dividends
April 29 2022 - 7:35AM
News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or
the Company) today announced that its Board of Directors (Board)
declared a quarterly dividend of $0.90 per common share for the
quarter ending June 30, 2022, on the Company’s outstanding common
shares. The common share dividend is payable on July 29, 2022 to
shareholders of record at the close of business on June 30,
2022.
The Board also declared quarterly dividends on the
outstanding Cumulative First Preferred Shares as follows:
- For the period up to but excluding June 30, 2022, payable on
June 30, 2022, to shareholders of record at the close of business
on May 31, 2022:
- Series 1 (TRP.PR.A) - $0.2174375 per share
- Series 2 (TRP.PR.F) - $0.1580034 per share
- Series 3 (TRP.PR.B) - $0.105875 per share
- Series 4 (TRP.PR.H) - $0.1181130 per share
- For the period up to but excluding July 30, 2022, payable on
Aug. 2, 2022, to shareholders of record at the close of business on
June 30, 2022:
- Series 5 (TRP.PR.C) - $0.1218125 per share
- Series 6 (TRP.PR.I) – $0.1441664 per share
- Series 7 (TRP.PR.D) - $0.243938 per share
- Series 9 (TRP.PR.E) - $0.235125 per share
- For the period up to but excluding May 31, 2022, payable on May
31, 2022, to shareholders of record at the close of business on May
17, 2022:
- Series 11 (TRP.PR.G) - $0.2094375 per share
- Series 15 (TRP.PR.K) - $0.30625 per share
These dividends are designated by TC Energy to be
eligible dividends for purposes of the Income Tax Act (Canada) and
any similar provincial or territorial legislation. An enhanced
dividend tax credit applies to eligible dividends paid to Canadian
residents.
As previously announced, all issued and outstanding
Cumulative First Preferred Shares, Series 15 (Series 15 Shares)
will be redeemed on May 31, 2022. As such, the quarterly dividend
of $0.30625 per Series 15 Share announced in this release will be
the final dividend on the Series 15 Shares. Subsequent to May 31,
2022, the Series 15 Shares will cease to be listed on the Toronto
Stock Exchange and will no longer be entitled to dividends.
Common shares purchased with reinvested cash
dividends under TC Energy’s Dividend Reinvestment and Share
Purchase Plan (DRP) will be acquired on the Toronto Stock Exchange
at 100 per cent of the weighted average purchase price. The DRP is
available for dividends payable on TC Energy’s common and preferred
shares.
About TC EnergyWe’re a team of
7,000+ energy problem solvers working to move, generate and store
the energy North America relies on. Today, we’re taking action to
make that energy more sustainable and more secure. We’re innovating
and modernizing to reduce emissions from our business. And, we’re
delivering new energy solutions – from natural gas and renewables
to carbon capture and hydrogen – to help other businesses and
industries decarbonize too.
TC Energy’s common shares trade on the Toronto
(TSX) and New York (NYSE) stock exchanges under the symbol TRP. To
learn more, visit us at TCEnergy.com
FORWARD-LOOKING INFORMATIONThis
release contains certain information that is forward-looking and is
subject to important risks and uncertainties (such statements are
usually accompanied by words such as "anticipate", "expect",
"believe", "may", "will", "should", "estimate", "intend" or other
similar words). Forward-looking statements in this document are
intended to provide TC Energy security holders and potential
investors with information regarding TC Energy and its
subsidiaries, including management's assessment of TC Energy's and
its subsidiaries' future plans and financial outlook. All
forward-looking statements reflect TC Energy's beliefs and
assumptions based on information available at the time the
statements were made and as such are not guarantees of future
performance. As actual results could vary significantly from the
forward-looking information, you should not put undue reliance on
forward-looking information and should not use future-oriented
information or financial outlooks for anything other than their
intended purpose. We do not update our forward-looking information
due to new information or future events, unless we are required to
by law. For additional information on the assumptions made, and the
risks and uncertainties which could cause actual results to differ
from the anticipated results, refer to the most recent Quarterly
Report to Shareholders and Annual Report filed under TC Energy’s
profile on SEDAR at www.sedar.com and with the U.S. Securities and
Exchange Commission at www.sec.gov.
-30-
Media Inquiries:Jaimie Harding /
Suzanne Wiltonmedia@tcenergy.com 403-920-7859 or 800-608-7859
Investor & Analyst
Inquiries:Gavin Wylie / Hunter
Mauinvestor_relations@tcenergy.com403-920-7911 or 800-361-6522
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