TC Energy declares quarterly dividends
February 15 2022 - 7:35AM
News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or
the Company) today announced that the Board of Directors (Board) of
TC Energy declared a quarterly dividend of $0.90 per common share
for the quarter ending Mar. 31, 2022, on the Company’s outstanding
common shares. The common share dividend is payable on Apr. 29,
2022 to shareholders of record at the close of business on
Mar. 31, 2022.
The Board also declared quarterly dividends on the outstanding
Cumulative First Preferred Shares as follows:
- For the period up to but excluding Mar. 31, 2022, payable on
Mar. 31, 2022, to shareholders of record at the close of business
on Feb. 28, 2022:
- Series 1 (TRP.PR.A) - $0.2174375 per share
- Series 2 (TRP.PR.F) - $0.12630822 per share
- Series 3 (TRP.PR.B) - $0.105875 per share
- Series 4 (TRP.PR.H) - $0.08685616 per share
- For the period up to but excluding Apr. 30, 2022, payable on
May 2, 2022, to shareholders of record at the close of business on
Mar. 31, 2022:
- Series 5 (TRP.PR.C) - $0.1218125 per share
- Series 6 (TRP.PR.I) - $0.10565753 per share
- Series 7 (TRP.PR.D) - $0.243938 per share
- Series 9 (TRP.PR.E) - $0.235125 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 liquids pipelines, along with power
generation and storage facilities, wherever life happens — we’re
there. Guided by our core values of safety, innovation,
responsibility, collaboration and integrity, our 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 Inquiries:Jaimie Harding / Suzanne
Wiltonmedia@tcenergy.com 403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:David Moneta /
Gavin Wylie / Hunter Mauinvestor_relations@tcenergy.com403-920-7911
or 800-361-6522
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