TC Energy declares quarterly dividends
01 August 2019 - 09:35PM
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
$0.75 per common share for the quarter ending September 30, 2019,
on the Company’s outstanding common shares. The common share
dividend is payable on October 31, 2019 to shareholders of record
at the close of business on September 30, 2019.
The Board also declared quarterly dividends on the outstanding
Cumulative First Preferred Shares as follows:
- For the period up to but excluding September 30, 2019, payable
on September 30, 2019, to shareholders of record at the close of
business on September 3, 2019: • Series 1 - $0.204125
per share • Series 2 - $0.23223151 per
share • Series 3 - $0.1345 per
share • Series 4 - $0.19102603 per
share
- For the period up to but excluding October 30, 2019, payable on
October 30, 2019, to shareholders of record at the close of
business on September 30, 2019: • Series 5 -
$0.14143750 per share • Series 6 -
$0.20170685 per share • Series 7 - $0.243938 per
share • Series 9 - $0.265625 per
share
- For the period up to but excluding August 30, 2019, payable on
August 30, 2019, to shareholders of record at the close of business
on August 15, 2019: • Series 11 - $0.2375 per
share • Series 13 - $0.34375 per
share • Series 15 - $0.30625 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.
The Board also approved the issuance of common shares from
treasury at a two per cent discount under TC Energy’s Dividend
Reinvestment Plan (DRP). Under the DRP, investors holding TC Energy
common or preferred shares can receive common shares instead of
cash dividend payments. For further details, including how to
enroll in the program, please refer to TCEnergy.com/Dividends.
TC Energy and its affiliates deliver the energy millions of
people rely on every day to power their lives and fuel industry. We
are not only focused on what we do, but how we do it – guided by
core values of safety, responsibility, collaboration and integrity,
our more than 7,000 people are committed to sustainably developing
and operating pipeline, power generation and energy storage
facilities across Canada, the United States and Mexico. TC Energy’s
common shares trade on the Toronto (TSX) and New York (NYSE) stock
exchanges under the symbol TRP. Visit TCEnergy.com and connect with
us on social media to learn more.
FORWARD-LOOKING INFORMATION
This 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 Quarterly Report to
Shareholders dated July 31, 2019 and the 2018 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.
Media Enquiries:Jaimie Harding / Warren
Beddow403.920.7859 or 800.608.7859
Investor & Analyst Enquiries:David Moneta /
Duane Alexander403.920.7911 or 800.361.6522
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