TC Energy reports $1.46B Q4 profit, raises quarterly dividend
By The Canadian Press on February 16, 2024.
CALGARY – TC Energy Corp. raised its dividend as it reported a fourth-quarter profit of $1.46 billion. The pipeline operator says it will now pay a quarterly dividend of 96 cents per share, up from 93 cents per share. The increased payment to shareholders came as TC Energy reported its profit amounted to $1.41 per share for the quarter ended Dec. 31. The result compared with loss of $1.45 billion or $1.42 per share in the last three months of 2022 when it took a large one-time charge related to rising cost at its Coastal GasLink project. TC Energy says its comparable earnings per share came to $1.35 in its latest quarter, up from comparable earnings of $1.11 per share a year earlier. Revenue for the quarter totalled $4.24 billion, up from $4.04 billion in the fourth quarter of 2022. This report by The Canadian Press was first published Feb. 16, 2024. Companies in this story: (TSX:TRP) 9-8
