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TC Energy Announces Record 2023 Results and Dividend Increase

The energy giant's strategic initiatives and operational excellence lead to a 24th consecutive year of dividend growth.

Overview

  • TC Energy reports record operational performance and financial results for 2023, marking a transformational year with significant project completions and business enhancements.
  • The company announces a 3.2% increase in its quarterly dividend, continuing a 24-year streak of dividend growth.
  • 2023 highlights include the mechanical completion of the Coastal GasLink pipeline project and the announcement of a spinoff for the Liquids Pipelines business.
  • TC Energy's 2024 outlook remains positive, with expected growth in comparable EBITDA and several major projects on track for completion.
  • The Board of Directors declares quarterly dividends for common and preferred shares, reinforcing the company's financial strength and commitment to shareholder returns.