Updates on your Conservative stocks: TC Energy, Telus, & Canadian National Railway

Article Excerpt

TC ENERGY CORP. $71 (www.tcenergy.com) is a buy. The company is raising your quarterly dividend by 3.4% with the April 2022 payment. The new annual rate of $3.60 a share yields a high 5.1%. The company also continues to work on $23.6 billion of new pipelines and other projects. Most are already secured by long-term shipping contracts, which cuts their risk. The extra cash flow will let TC fulfill its commitment to raise your dividend annually by 3% to 5%. TC Energy is a buy. TELUS CORP. $33 (www.telus.com) is a buy. The company now expects to spend $3.4 billion in 2022 on its wireless and Internet networks, down slightly from $3.5 billion in 2021. Those improvements will help it attract new users and let it keep raising your dividend. The current annual rate of $1.31 a share yields a high 4.0%. Telus is a buy. CANADIAN NATIONAL RAILWAY CO. $159 (www.cn.ca) is a buy. Canada’s largest railway recently announced a new plan to increase its annual operating income (revenue less operating expenses…