TC Energy's Preferred Shares, Series 1, Cross 6% Yield Mark

In trading on Wednesday, shares of TC Energy Corp's Cumulative Redeemable First Preferred Shares, Series 1 (TSX: TRP-PRA.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $0.8698), with shares changing hands as low as $14.44 on the day. As of last close, TRP.PRA was trading at a 41.48% 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.PRA shares, versus TRP:

Below is a dividend history chart for TRP.PRA, showing historical dividend payments on TC Energy Corp's Cumulative Redeemable First Preferred Shares, Series 1: