At around $52 a share, the stock is trading at just 11 times its earnings. And with its quarterly dividend of $0.81 still intact, it is now yielding 6.2%. That means that on a $10,000 investment in the company, you can expect to earn about $620 on an annual basis – just in the way of dividend income. And there's hope that those payouts could rise.
In 2015, TC Energy was paying $0.52 per share and the company has increased those payments by 56% since then, averaging a compounded annual growth rate of 9.3% during that time.
Despite the challenges of 2020, TC Energy still reported a solid profit of $4.6 billion over the trailing 12 months with a profit margin north of 30%. The energy infrastructure company is still a solid buy and now could be a great time to lock in a high yield.