TC Energy declares quarterly dividends
October 29 2020 - 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 $0.81 per common
share for the quarter ending December 31, 2020 on the Company’s
outstanding common shares. The common share dividend is payable on
January 29, 2021 to shareholders of record at the close of business
on December 31, 2020.
The Board also declared quarterly dividends on the Company’s
outstanding Cumulative First Preferred Shares as follows:
• |
For the period up to but excluding December 31,
2020, payable on December 31, 2020 to shareholders of record at the
close of business on November 30, 2020: |
|
|
° |
Series 1
(TRP.PR.A) - $0.2174375 per share |
|
|
° |
Series 2 (TRP.PR.F) - $0.13001913 per share |
|
|
° |
Series 3 (TRP.PR.B) - $0.105875 per share |
|
|
° |
Series 4 (TRP.PR.H) - $0.08980055 per share |
|
|
|
|
• |
For the period up to but excluding January 30,
2021, payable on February 1, 2021 to shareholders of record at the
close of business on December 31, 2020: |
|
|
° |
Series 5 (TRP.PR.C) - $0.14143750 per share |
|
|
° |
Series 6 (TRP.PR.I) - $0.10541336 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 November 30,
2020, payable on November 30, 2020 to shareholders of record at the
close of business on November 16, 2020: |
|
|
° |
Series 11 (TRP.PR.G) - $0.2375 per share |
|
|
° |
Series 13 (TRP.PR.J) - $0.34375 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.
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 are a vital part of everyday
life - delivering the energy millions of people rely on to power
their lives in a sustainable way. Thanks to a safe, reliable
network of natural gas and crude oil pipelines, along with power
generation and storage facilities, wherever life happens — we’re
there. Guided by our core values of safety, responsibility,
collaboration and integrity, our more than 7,500 people make a
positive difference in the communities where we operate across
Canada, the U.S. and Mexico.
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 Enquiries:Jaimie Harding / Hejdi
Carlsen403.920.7859 or 800.608.7859
Investor & Analyst Enquiries:David Moneta /
Hunter Mau403.920.7911 or 800.361.6522
PDF
available: http://ml.globenewswire.com/Resource/Download/12b01c10-c885-4af2-8486-7910fb860111
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