TC Energy Extends Dividend Streak to 25 Years Amid Strong Earnings Growth

• TC Energy raised its dividend in February by 3.3% to $3.40 annually, marking 25 consecutive years of increases.
• The company reported $13.8 billion in revenue for 2024, up 4% year over year, with net income surging 62% to $4.6 billion.
• Over the past 12 months, the stock has risen 30% and trades at a reasonable 16 times trailing earnings.

A Strong Commitment to Dividends

Dividend stability is a key factor for income investors, and TC Energy has once again delivered. On Feb. 14, the energy giant announced a 3.3% dividend hike, extending its streak of annual increases to a quarter-century. The new annual payout of $3.40 per share translates to a yield of 5.4%, making it an attractive option for those seeking reliable income.

Financial Strength and Growth Potential

TC Energy posted solid financial results in 2024, with revenue climbing 4% year over year to $13.8 billion. More notably, net income surged 62% to $4.6 billion, reflecting the company’s ability to generate strong profitability even in a shifting energy landscape. The business has also undergone strategic changes, including the spinoff of its liquid pipelines segment, allowing it to focus on natural gas, storage, and power generation. This refined approach positions the company for continued stability and growth.

A Stable Long-Term Investment

TC Energy’s stock has climbed 29% over the past year, yet it remains reasonably valued at 16 times trailing earnings. As one of North America’s leading energy infrastructure companies, it offers a combination of consistent dividends, financial resilience, and long-term growth potential.

For investors prioritizing dividend income and stability, TC Energy remains a solid choice, particularly in a portfolio focused on long-term returns.