Tc Pipelines Lp (TSE:TRP) Declares Quarterly Dividend of $0.75

Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.75 per share on Wednesday, July 31st. This represents a $3.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Thursday, June 27th.

TRP stock traded down C$0.49 during midday trading on Tuesday, hitting C$64.99. The stock had a trading volume of 117,785 shares, compared to its average volume of 2,539,032. The firm has a market capitalization of $60.70 billion and a price-to-earnings ratio of 15.63. Tc Pipelines has a 52 week low of C$47.90 and a 52 week high of C$66.93. The stock’s 50-day simple moving average is C$65.24. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 163.50.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last issued its earnings results on Friday, May 3rd. The company reported C$1.07 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.10. The firm had revenue of C$3.49 billion during the quarter. Equities analysts forecast that Tc Pipelines will post 4.0199998 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Tc Pipelines from C$60.00 to C$73.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Royal Bank of Canada lifted their price objective on Tc Pipelines from C$71.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price objective on Tc Pipelines from C$72.00 to C$73.00 in a report on Tuesday, May 7th. Finally, National Bank Financial lifted their price objective on Tc Pipelines from C$61.00 to C$65.00 and gave the company a “sector perform” rating in a report on Thursday, March 21st.

Tc Pipelines Company Profile

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.

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Dividend History for Tc Pipelines (TSE:TRP)

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