TC PipeLines, LP ( TCP ) will begin trading ex-dividend on January 31, 2017. A cash dividend payment of $0.94 per share is scheduled to be paid on February 14, 2017. Shareholders who purchased TCP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that TCP has paid the same dividend.
The previous trading day's last sale of TCP was $61.82, representing a -0.32% decrease from the 52 week high of $62.02 and a 80.5% increase over the 52 week low of $34.25.
TCP is a part of the Public Utilities sector, which includes companies such as Enterprise Products Partners L.P. ( EPD ) and Kinder Morgan, Inc. ( KMI ). TCP's current earnings per share, an indicator of a company's profitability, is $.27. Zacks Investment Research reports TCP's forecasted earnings growth in 2016 as 8.09%, compared to an industry average of -1.5%.
Interested in gaining exposure to TCP through an Exchange Traded Fund [ETF]?
The following ETF(s) have TCP as a top-10 holding:
- Direxion Zacks MLP High Income Index Shares ( ZMLP ).
The top-performing ETF of this group is ZMLP with an increase of 2.72% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.