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TC Energy (TRP) declared a quarterly dividend of $0.96 per common share for the quarter ending June 30, 2024. The Board also declared dividends on various Cumulative First Preferred Shares. These dividends are designated as eligible dividends for tax purposes, with an enhanced dividend tax credit for Canadian residents. The company's Dividend Reinvestment and Share Purchase Plan (DRP) allows shareholders to reinvest cash dividends at a discounted price.
TC Energy (TRP) reported strong first quarter 2024 financial results with a focus on maximizing shareholder returns. The company achieved 11% year-over-year growth in comparable EBITDA and a 4% growth in segmented earnings. They are reaffirming their 2024 outlook with expected EBITDA of $11.2 to $11.5 billion. TC Energy advanced their $3 billion asset divestiture program and remain committed to limiting annual net capital expenditures. The company is progressing towards enhancing balance sheet strength and achieving their debt-to-EBITDA target by year end 2024. TC Energy's Board of Directors announced the appointment of a new CFO, declared a quarterly dividend, and provided updates on strategic initiatives, including the spinoff of the Liquids Pipelines business.