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TC Energy declares quarterly dividends

Press Release

TC Energy declares quarterly dividends

CALGARY, Alberta, July 28, 2022 – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.90 per common share for the quarter ending Sep. 30, 2022, on the Company’s outstanding common shares. The common share dividend is payable on Oct. 31, 2022 to shareholders of record at the close of business on Sep. 30, 2022.

The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows:

  • For the period up to but excluding Sep. 29, 2022, payable on Sep. 29, 2022, to shareholders of record at the close of business on Aug. 31, 2022:
    • Series 1 (TRP.PR.A) – $0.2174375 per share
    • Series 2 (TRP.PR.F) – $0.2117308 per share
    • Series 3 (TRP.PR.B) – $0.105875 per share
    • Series 4 (TRP.PR.H) – $0.1718404 per share
  • For the period up to but excluding Oct. 30, 2022, payable on Oct. 31, 2022, to shareholders of record at the close of business on Sep. 30, 2022:
    • Series 5 (TRP.PR.C) – $0.1218125 per share
    • Series 6 (TRP.PR.I) – $0.2296849 per share
    • Series 7 (TRP.PR.D) – $0.243938 per share
    • Series 9 (TRP.PR.E) – $0.235125 per share
  • For the period up to but excluding Aug. 31, 2022, payable on Aug. 31, 2022, to shareholders of record at the close of business on Aug. 15, 2022:
    • Series 11 (TRP.PR.G) – $0.2094375 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.

Commencing with the dividends declared today, 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 https://www.tcenergy.com/investors/dividends/.

About TC Energy
We’re a team of 7,000+ energy problem solvers working to move, generate and store the energy North America relies on. Today, we’re taking action to make that energy more sustainable and more secure. We’re innovating and modernizing to reduce emissions from our business. And, we’re delivering new energy solutions – from natural gas and renewables to carbon capture and hydrogen – to help other businesses and industries decarbonize too. Along the way, we invest in the communities where we live and work to strengthen community resilience and build a stronger future, together.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

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