This 5.6%-Yielding Energy Stock Just Boosted Its Dividend by 7.4% (And There's More to Come)
TC Energy (NYSE: TRP) has been a model of dividend durability over the years. The Canadian energy infrastructure giant has increased its payout for 21 consecutive years, following its recent announcement of a 7.4% dividend boost for 2021. That's an impressive track record considering that most of its peers in the energy sector haven't been able to maintain their dividends, let alone continue growing them.
The company expects the upward trend in its 5.6%-yielding dividend to continue for the next few years. The durability of TC Energy's business model and its fully fueled growth engine are driving the company's outlook.
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Source Fool.com
