Is TC Energy Stock the Best High-Yield Dividend for You?
Is TC Energy Stock the Best High-Yield Dividend for You?
On the operational side, TC Energy's 670-km Coastal GasLink project reached mechanical completion late last year and is expected to start moving natural gas to a new liquified natural gas (LNG) export facility in 2025. The budget for the pipeline more than doubled to roughly $14.5 billion during the delayed construction process. This forced management to monetize $5.3 billion in assets in 2023 to reduce debt. Another $3 billion in asset sales is expected this year. These efforts will go a long way to shoring up the balance sheet to support the ongoing growth program.
TC Energy (TSX:TRP) fell out of favour among dividend investors over the past two years amid rising interest rates and soaring costs on a major project. Contrarian investors seeking high-yield passive income are wondering if TRP stock is now undervalued and good to buy for a self-directed portfolio.
在过去的两年中，由于利率上升和重大项目成本飙升，TC Energy (tsx:trp) 在红利投资者中不再受欢迎。寻求高收益被动收入的反向投资者想知道 TRP 股票是否被低估并且是否适合自主投资组合购买。
TC Energy stock
TC Energy 股票
At the time of writing, TC Energy trades close to $55 per share. Bargain hunters who had the courage to jump in near the 12-month low around $44 are already sitting on some decent gains, but more upside should be on the way. TRP traded at $74 in 2022 before the big pullback.
截至撰写本文时，TC Energy 的股价接近 $55/股。敢于在大约 $44/股左右跳进去的淘宝商已经获得了一些不错的收益，但更多的上涨应该就在路上了。TRP 在2022年曾经交易到 $74，但之后出现了大幅回撤。
The Bank of Canada recently cut its interest rate by 0.25%, and more reductions are expected heading into 2025 as inflation appears to be under control and heading back toward the 2% target. South of the border, the U.S. Federal Reserve is waiting a bit longer as inflation has been stickier in the United States. However, comments coming out of the Fed suggest the next move is likely to the downside and the first cut could be on the way before the end of the year. Lower borrowing costs will help TC Energy's profits and should make more cash available for distributions or debt reduction.
加拿大央行最近将其利率下调了0.25%，由于通胀似乎得到了控制并回到了2%的目标，预计在2025年前进一步降息。在美国，由于通胀率在美国的表现较为耐人寻味，美联储正在等待更长时间。然而，美联储的评论表明，下一步可能会向下，第一次降息可能会在年底之前到来。较低的借贷成本将有助于 TC Energy 的利润，并应使更多资金用于分配或还债。
On the operational side, TC Energy's 670-km Coastal GasLink project reached mechanical completion late last year and is expected to start moving natural gas to a new liquified natural gas (LNG) export facility in 2025. The budget for the pipeline more than doubled to roughly $14.5 billion during the delayed construction process. This forced management to monetize $5.3 billion in assets in 2023 to reduce debt. Another $3 billion in asset sales is expected this year. These efforts will go a long way to shoring up the balance sheet to support the ongoing growth program.
在运营方面，TC Energy 的 670 公里 Coastal GasLink 项目在去年底达到了机械完成，并计划在2025年向一个新的液化天然气（LNG）出口设施运输天然气。在拖延的建设过程中，该管道的预算增加了近一倍，达到了约 145亿美元。这迫使管理层于2023年变现了530亿美元的资产，以减轻债务。预计今年还将有300亿美元的资产出售。这些努力将有助于巩固资产负债表以支持持续增长方案。
TC Energy has increased the dividend annually for the past 24 years. Investors who buy the stock at the current price can get a 7% dividend yield.
TC Energy 过去24年每年都增加股息。以当前价格购买股票的投资者可以获得7%的股息收益率。
The bottom line on TRP stock
关于 TRP 股票的底线是
TC Energy isn't as cheap as it was earlier this year, but the stock should continue to move higher if interest rates come down steadily in the coming months. If you are looking for a high-yield stock to add to a portfolio focused on dividends and income, TRP deserves to be on your radar.
如果利率在未来几个月内稳步下降，TC Energy 的股票应该会继续上涨，但现在的股票不如今年早些时候那么便宜。如果您正在寻找一个收益和红利为重点的投资组合中添加高收益股票，TRP 值得您关注。
The post Is TC Energy Stock the Best High-Yield Dividend for You? appeared first on The Motley Fool Canada.
本文最初发表于 The Motley Fool Canada，标题为《TC Energy (tsx:TRP)：您的最佳高收益股息吗？》。