Trailing Dividend / Share
$3.37
TC Energy Corporation (TRP) Dividend History
Income profile from 1984 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.4%
Payout Ratio
99.7%
At Risk
Dividend Streak
0 years
TRP Dividend Income Check
Safety
99.7% payout ratio with at risk safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 6.6% and trend is flat.
TRP Dividend Scorecard
Yield & Income
Dividend Yield3.4%
Trailing DPS$3.37
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout99.7%
Earnings SafetyAt Risk
FCF Payout104.3%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGR-3.7%
5Y CAGR0.4%
Yield on Cost (5Y)6.6%
YOC Trendflat
Total Returns
Buyback Yield0.2%
Total Shareholder Yield3.7%
1Y Total Return50.4%
5Y Total Return81.1%
Div Contribution (5Y)29.3%
Estimated $10K growth (return + dividends):
5Y ago$17,75810Y ago$23,39420Y ago$42,310
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TRP Income Growth Story
Dividend per share and yield on cost over time (43 years of payments)
TRP Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
TC Energy Corporation distributes 99.7% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 104.3%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TRP does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -3.7% and 5-year CAGR of 0.4%.
Total Shareholder Returns
Beyond cash dividends, TRP returns capital through share repurchases. The combined picture: 3.4% dividend yield, 0.2% buyback yield, 3.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.6% and is currently flat. The 5-year total return is 81.1%, with dividends contributing 29.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $23,394 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
TRP Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$13.28
Avg/Payment$0.6638
Latest Change-1.9%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.6167 | ↓ -1.9% | 3.74% | Jul 31, 2026 |
| Mar 31, 2026 | $0.6288 | ↑ +1.4% | 3.97% | Apr 30, 2026 |
| Dec 31, 2025 | $0.6201 | ↑ +1.4% | 4.45% | Jan 30, 2026 |
| Sep 29, 2025 | $0.6113 | ↓ -2.1% | 4.49% | Oct 31, 2025 |
| Jun 30, 2025 | $0.6241 | ↑ +5.6% | 5.12% | Jul 31, 2025 |
| Mar 31, 2025 | $0.5911 | ↑ +3.4% | 5.46% | Apr 30, 2025 |
| Dec 31, 2024 | $0.5716 | ↓ -19.5% | 5.78% | Jan 31, 2025 |
| Sep 27, 2024 | $0.7099 | ↑ +1.2% | 6.62% | Oct 31, 2024 |
TRP Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
3.4%
#7 of 8
Safety
At Risk
99.7% payout
Streak
0Y
0.4% 5Y CAGR
Total Shareholder
3.7%
#6 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| TRPTC Energy Corporatio… | $71.7B | 3.4% | 99.7% | 0 | At Risk |
2nd  ENBEnbridge Inc. | $120.2B | 6.6% | 1.5% | 2 | Sustainable |
 KMIKinder Morgan, Inc. | $72.3B | 3.6% | 85.2% | 8 | At Risk |
 WMBThe Williams Compani… | $91.8B | 2.7% | 93.3% | 8 | At Risk |
3rd  ETEnergy Transfer LP | $68.2B | 6.5% | 96.4% | 4 | At Risk |
 EPDEnterprise Products … | $81.4B | 5.7% | 80.5% | 28 | Watch |
 OKEONEOK, Inc. | $57.1B | 4.5% | 76.1% | 3 | Watch |
1st  MPLXMPLX Lp | $58.4B | 6.9% | 81.8% | 4 | Watch |
TRP Annual Dividend History (1984–2026)
43 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.25 | — | 2 | — | — | — | 3.3% |
| 2025 | $2.45 | -9.1% | 4 | $3.27 | 74.8% | 1.34x | 6.6% |
| 2024 | $2.69 | -3.3% | 4 | $4.43 | 60.7% | 1.65x | 7.2% |
| 2023 | $2.78 | 1.5% | 4 | $2.75 | 101.1% | 0.99x | 7.5% |
| 2022 | $2.74 | -1.4% | 4 | $0.64 | 427.9% | 0.23x | 7.4% |
| 2021 | $2.78 | 15.8% | 4 | $1.86 | 149.3% | 0.67x | 7.5% |
| 2020 | $2.40 | 5.6% | 4 | $4.74 | 50.6% | 1.98x | 6.4% |
| 2019 | $2.27 | 8.7% | 4 | $4.27 | 53.2% | 1.88x | 6.1% |
| 2018 | $2.09 | 1.1% | 4 | $4.10 | 51.0% | 1.96x | 5.6% |
| 2017 | $2.07 | -3.3% | 4 | $3.43 | 60.3% | 1.66x | 5.6% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
42+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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TRP — Frequently Asked Questions
Quick answers to the most common questions about buying TRP stock.
How much dividend does TRP pay per share?
TC Energy Corporation (TRP) pays a trailing 12-month dividend of $3.37 per share, with a current dividend yield of +3.4%. Payments are made Semi-Annual.
When is TRP's next ex-dividend date?
TRP's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TRP typically pays dividends Semi-Annual.
Is TRP's dividend safe?
TRP's dividend safety is rated "At Risk" based on an earnings payout ratio of +99.7% and FCF payout ratio of +104.3%. The dividend history does not yet show a prolonged growth streak.
How many years has TRP increased its dividend?
TRP has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +0.4%.
How often does TRP pay dividends?
TC Energy Corporation pays dividends Semi-Annual. The trailing 12-month total is $3.37 per share. Dividend data on this page covers 42+ years from 1984 to 2026.
How much would $10,000 invested in TRP grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TRP five years ago would be worth approximately $17,758 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TRP's yield on cost for long-term holders?
TRP's yield on cost — the current dividend divided by the original purchase price — is +6.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.4% market yield, thanks to consistent dividend growth.