3 Things TransCanada Corporation Wants You to Know About the Safety of Its Dividend Growth Plan
TransCanada (NYSE: TRP) seemed to stumble backward in the third quarter, considering that cash flow plunged more than 29% on a per-share basis versus the year-ago period. At first glance, that steep decline makes it appear as if the company's generous 3.7%-yielding dividend might not be on solid ground. However, that's not the case.
That was clear from the comments of the company's management team on the accompanying third-quarter call, where they pointed out that the dividend was not just safe, but headed meaningfully higher over the next few years. Here are three points they made on that call to back up this view.
Image source: Getty Images.
Source: Fool.com
TC Energy Corp. Aktie
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