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.
在過去的兩年中，由於利率上升和重大項目成本飆升，TC Energy (tsx:trp) 在紅利投資者中不再受歡迎。尋求高收益被動收入的反向投資者想知道 TRP 股票是否被低估並且是否適合自主投資組合購買。
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.
截至撰寫本文時，TC Energy 的股價接近 $55/股。敢於在大約 $44/股左右跳進去的淘寶商已經獲得了一些不錯的收益，但更多的上漲應該就在路上了。TRP 在2022年曾經交易到 $74，但之後出現了大幅回撤。
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.
加拿大央行最近將其利率下調了0.25%，由於通脹似乎得到了控制並回到了2%的目標，預計在2025年前進一步減息。在美國，由於通脹率在美國的表現較爲耐人尋味，聯儲局正在等待更長時間。然而，聯儲局的評論表明，下一步可能會向下，第一次減息可能會在年底之前到來。較低的借貸成本將有助於 TC Energy 的利潤，並應使更多資金用於分配或還債。
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.
在運營方面，TC Energy 的 670 公里 Coastal GasLink 項目在去年底達到了機械完成，並計劃在2025年向一個新的液化天然氣（LNG）出口設施運輸天然氣。在拖延的建設過程中，該管道的預算增加了近一倍，達到了約 145億美元。這迫使管理層於2023年變現了530億美元的資產，以減輕債務。預計今年還將有300億美元的資產出售。這些努力將有助於鞏固資產負債表以支持持續增長方案。
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 過去24年每年都增加股息。以當前價格購買股票的投資者可以獲得7%的股息收益率。
The bottom line on TRP stock
關於 TRP 股票的底線是
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.
如果利率在未來幾個月內穩步下降，TC Energy 的股票應該會繼續上漲，但現在的股票不如今年早些時候那麼便宜。如果您正在尋找一個收益和紅利爲重點的投資組合中添加高收益股票，TRP 值得您關注。
The post Is TC Energy Stock the Best High-Yield Dividend for You? appeared first on The Motley Fool Canada.
本文最初發表於 The Motley Fool Canada，標題爲《TC Energy (tsx:TRP)：您的最佳高收益股息嗎？》。