TC Energy Corporation — A High Yield, High Growth Dividend Stock

Stocks with enormous dividend yields suck, most of the time. They’re value traps. Or failing businesses. Or, they have unstable revenue that leads to big payments one year and no payments the next.

TC Energy Corporation ($TRP) is different.

This is a high-yield stock with 23 years of consistent dividend growth and rapidly compounding dividend payments.

And there’s also an upcoming catalyst for capital appreciation, too.

Today, we’ll look at what TC Energy Corporation does. And why it might be an attractive income investment.

What Is TC Energy Corporation?

TC Energy Corporation operates natural gas pipelines, oil pipelines, and power generation facilities. The company is a major player in the pipeline industry, transporting 25% of all natural gas consumed in North America.

TC Energy is also diversified across the continent — operating facilities in Canada, Mexico, and The United States.

And while the company focuses on natural gas pipelines, TC Energy is expanding into greener sectors. They operate several wind and solar farms. As well as having a 48% stake in Canada’s Bruce Power nuclear energy program.