Dividend safe? About 20 years ago, TRP cut its dividend. Masses of widows and orphans descended on Bay Street with pitchforks and torches. Shareholder revolt. So a lot of things have to go wrong for it to cut.
Recent rise of share price is less desirable for investors today (want to buy low), but still believes a good time to buy.
Large distribution network across North America.
Attractive dividend that is a good long term investment.
Rising energy prices good for the company.
A great business along with Enbridge and others. Dividend is safe and grows year after year. Has a big project in Mexico so there has been overhanging fear of a large equity issue. It did have an equity issue months ago but says it will not use equity again for any more funding if needed.
Defensive against a recession? We're probably already in a recession, as the telling numbers lag a bit. Perfect type of stock you want to own through this. Good, stable business with critical infrastructure assets. Avoided by ESG investors, but a good buying opportunity for the rest of the community.
He recently re-entered this. Its valuation is incredible and it pays a 6.5% dividend which is sustainable. Strong balance sheet. It's good value for the next 12 months. He started buying this. Recession fears are a risk though. (Analysts’ price target is $69.08)
Pipelines are a good place to be in this tough market. Nat gas tailwinds. Really defensive. New purchase will be accretive in time. Lots of projects for growth. Trades at an undemanding 15x. Yield is 5.63%, with 4% dividend growth. (Analysts’ price target is $69.44)
(A Top Pick Aug 26/21, Up 12%) His return would have been higher had TRP not come to the market for equity recently, but that was done to finance pipelines in Mexico and BC. Opportunities for this company are strong. Natural gas in Canada is becoming more export-oriented, and TC is the only company in North American that can ship it given their pipeline system. He's been buying it.
Well positioned in nat gas, power generation, energy. Fairly solid history of annual dividend increases. Pretty strong balance sheet. Issued shares to further strengthen balance sheet. Yield is 5.56%. (Analysts’ price target is $70.08)
A core holding for yield seekers. Very good company. They're less indebted than Enbridge. The dividend will continue to rise. You can own just one or two pipelines, and not all of them. Not a lot of growth. Buy for the dividend.
(A Top Pick Feb 02/21, Up 21.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TRP has triggered its stop at $67. To remain disciplined, we recommend covering the position at this time.
It is going up even with rising interest rates. Be cautious putting new money into this when other companies in other sectors have much higher growth rates. The market is already pricing in recession.
At record high. Total return security for investors who want a dividend. Dividend should grow 3-5%. A nice core name for a conservative portfolio, expecting 10-15% capital gain potential and a nice, growing dividend. At the right time, he'd consider adding. Yield is 4.9%.
(A Top Pick Feb 02/21, Up 32.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TRP is progressing well. We now recommend trailing up the stop (from $62) to $67 at this time.
TC Energy is a Canadian stock, trading under the symbol TRP.TO (previously TRP-T on Stockchase) on the Toronto Stock Exchange (TRP-CT). It is usually referred to as TSX:TRP or TRP.TO