Predictable payment increases are just part of TC’s appeal for investors

Article Excerpt

TC Energy (TransCanada’s new name) is now developing a whopping $30.3 billion in new pipelines and other projects—all of them set to add considerable value for investors. You should expect the company to complete $10 billion of that work by the end of 2019. The remainder will come by 2023. (Note—those totals exclude the $8 billion U.S. Keystone XL expansion project, which continues to work its way through the courts.) Thanks to its new operations, TC has also told investors to expect the company’s gross earnings to rise to at least $10 billion by 2022. That’s a gain of 7.5% from projected 2019 gross earnings of $9.3 billion. The increased profitability bodes well for your future gains and dividends. Moreover, TC’s focus on regulated pipelines—and the slow development of competing ones—gives it plenty of cash flow to keep boosting your dividend payments. TC ENERGY CORP., $68, is a buy for your steady dividend income and capital gains. The company (Toronto symbol TRP; Income-Growth Divd. Payer…