TC PipeLines (TCP) Stock Price, News & Analysis

TC PipeLines, LP (NYSE:TCP) issued its earnings results on Wednesday, February, 24th. The pipeline company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.03. The pipeline company had revenue of $104 million for the quarter, compared to analyst estimates of $96.74 million. TC PipeLines had a trailing twelve-month return on equity of 36.55% and a net margin of 71.68%.

TC PipeLines (NYSE:TCP) pays an annual dividend of $2.60 per share and currently has a dividend yield of 8.61%. TCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCP will have a dividend payout ratio of 72.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TCP.

Based on aggregate information from My MarketBeat watchlists, some companies that other TC PipeLines investors own include BlackRock (BLK), Xtrackers California Municipal Bond ETF (CA), AT&T (T), Energy Transfer (ET), Verizon Communications (VZ), Williams Partners (WPZ), Pfizer (PFE), Enterprise Products Partners (EPD), Intel (INTC) and AbbVie (ABBV).