TC Energy's Preferred Shares, Series 3, Cross 4% Yield Mark

In trading on Tuesday, shares of TC Energy Corp's Cumulative Redeemable First Preferred Shares, Series 3 (TSX: TRP-PRB.TO) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.4235), with shares changing hands as low as $10.50 on the day. As of last close, TRP.PRB was trading at a 56.08% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of TRP.PRB shares, versus TRP:

Below is a dividend history chart for TRP.PRB, showing historical dividend payments on TC Energy Corp's Cumulative Redeemable First Preferred Shares, Series 3:

In Tuesday trading, TC Energy Corp's Cumulative Redeemable First Preferred Shares, Series 3 (TSX: TRP-PRB.TO) is currently down about 4.4% on the day, while the common shares (TSX: TRP.TO) are up about 0.1%.

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