TC Energy raises quarterly dividend 3.3% to C$0.85

TC Energy has reported a fourth-quarter adjusted profit of C$1.05 per share, exceeding analysts' expectations of C$1.00, driven by strong performance in certain segments. The company's Board of Directors has approved a 3.3% increase in the quarterly dividend to C$0.85 per share, payable on April 30, 2025. Looking ahead, TC Energy anticipates that comparable earnings per share for 2025 will be lower than in 2024, influenced by various factors including increased depreciation rates and higher effective tax rates. The company is also preparing for the Southeast Gateway pipeline to commence operations on May 1, 2025. The adjustments in earnings and dividends reflect ongoing strategic decisions amidst changing economic conditions. These updates underscore TC Energy's commitment to providing value to its shareholders while managing operational challenges.