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TC Energy’s Preferred Series 7 Shares Cross 7% Yield Mark

In trading on Tuesday, shares of TC Energy Corp’s Cumulative Redeemable First Preferred Shares, Series 7 (TSX: TRP-PRD.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4963), with shares changing hands as low as $21.29 on the day. As of last close, TRP.PRD was trading at a 14.28% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of TRP.PRD shares, versus TRP:

Below is a dividend history chart for TRP.PRD, showing historical dividend payments on TC Energy Corp’s Cumulative Redeemable First Preferred Shares, Series 7:

In Tuesday trading, TC Energy Corp’s Cumulative Redeemable First Preferred Shares, Series 7 (TSX: TRP-PRD.TO) is currently off about 0.4% on the day, while the common shares (TSX: TRP.TO) are up about 1.4%.

Click here to find out which 9 other Canadian dividend stocks just recently went ”on sale” and crossed into new yield territory »

Also see:

• Communications Services Dividend Stocks
• ETFs Holding TACO
• MYF Historical Stock Prices

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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