TC Energy reports 1Q23 results and declares quarterly dividends

The common share dividend is payable on 31 July 2023 to shareholders of record at the close of business on 30 June 2023.

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.

The Board also approved the issuance of common shares from treasury at a 2% 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.

TC Energy has also released its 1Q23 results. François Poirier, TC Energy’s President and Chief Executive Officer commented, “1Q23 results continue to demonstrate the resiliency of our business and our ability to generate sustainable cash flow growth while advancing our clearly defined funding programme. Comparable EBITDA1 was CAN$2.8 billion, up 16% from 1Q22 and segmented earnings were CAN$2.2 billion compared to CAN$1.2 billion in 1Q22.” Poirier continued, “Our priorities for 2023 are clear – safely and reliably deliver essential energy across North America, advance our critical energy infrastructure projects and successfully execute our asset divestiture programme to accelerate deleveraging objectives.”

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