Trailing Dividend / Share
$1.49
TransCanada PipeLines Limited 6 (TCPA) Dividend History
Income profile from 2026 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
6.2%
Payout Ratio
43.4%
Sustainable
Dividend Streak
2 years
TCPA Dividend Income Check
Safety
43.4% payout ratio with sustainable safety profile.
Consistency
2 straight years of dividend increases.
Income Trend
Yield on cost trend needs more history.
TCPA Dividend Scorecard
Yield & Income
Dividend Yield6.2%
Trailing DPS$1.49
FrequencyN/A
Payments / 12M1
Payout Safety
Earnings Payout43.4%
Earnings SafetySustainable
FCF Payout331.6%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak2 years
3Y CAGRN/A
5Y CAGR-0.1%
Yield on Cost (5Y)N/A
YOC Trendunknown
Total Returns
Buyback Yield0.0%
Total Shareholder Yield6.2%
1Y Total Return-0.8%
5Y Total Return-0.8%
Div Contribution (5Y)2.0%
Estimated $10K growth (return + dividends):
5Y ago$9,92110Y ago$9,92120Y ago$9,921
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TCPA Income Growth Story
Dividend per share and yield on cost over time (1 years of payments)
TCPA Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
TransCanada PipeLines Limited 6 distributes 43.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 331.6%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TCPA has raised its dividend for 2 consecutive years, with a 5-year CAGR of -0.1%.
Total Shareholder Returns
Beyond cash dividends, TCPA returns capital through share repurchases. The combined picture: 6.2% dividend yield, 6.2% total shareholder yield.
Income Trend & Total Return
The 5-year total return is -0.8%, with dividends contributing 2.0% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $9,921 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
TCPA Recent Dividend Payments
Last 1 payments
TTM Total$0.49
Avg/Payment$0.4861
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jan 16, 2026Latest | $0.4861 | — | 1.98% | Feb 2, 2026 |
TCPA Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
6.2%
#2 of 9
Safety
Sustainable
43.4% payout
Streak
2Y
-0.1% 5Y CAGR
Total Shareholder
6.2%
#2 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd TCPATransCanada PipeLine… | $22.3B | 6.2% | 43.4% | 2 | Sustainable |
 TRPTC Energy Corporatio… | $67.8B | 3.8% | 99.7% | 0 | At Risk |
 ENBEnbridge Inc. | $117.8B | 0.4% | — | 0 | Unknown |
 KMIKinder Morgan, Inc. | $70.1B | 3.7% | 85.2% | 9 | At Risk |
 WMBThe Williams Compani… | $89.2B | 2.7% | 93.3% | 8 | At Risk |
1st  ETEnergy Transfer LP | $68.5B | 6.5% | 96.4% | 0 | At Risk |
3rd  EPDEnterprise Products … | $81.6B | 5.7% | 80.5% | 15 | Watch |
 OKEONEOK, Inc. | $54.1B | 4.8% | 76.1% | 22 | Watch |
 TRGPTarga Resources Corp… | $54.3B | 1.5% | 44.4% | 4 | Sustainable |
TCPA Annual Dividend History (2006–2026)
15 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.49 | — | 1 | — | — | — | 2.0% |
| 2019 | $0.00 | — | 0 | $3.29 | — | — | — |
| 2018 | $0.00 | — | 0 | $2.87 | — | — | — |
| 2017 | $0.00 | — | 0 | $2.75 | — | — | — |
| 2016 | $0.00 | — | 0 | $0.30 | — | — | — |
| 2015 | $0.00 | — | 0 | $-1.06 | — | — | — |
| 2014 | $0.00 | — | 0 | $2.05 | — | — | — |
| 2013 | $0.00 | — | 0 | $2.22 | — | — | — |
| 2012 | $0.00 | — | 0 | $1.82 | — | — | — |
| 2011 | $0.00 | — | 0 | $2.01 | — | — | — |
Full TCPA Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See TCPA's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonTCPA — Frequently Asked Questions
Quick answers to the most common questions about buying TCPA stock.
How much dividend does TCPA pay per share?
TransCanada PipeLines Limited 6 (TCPA) pays a trailing 12-month dividend of $1.49 per share, with a current dividend yield of +6.2%. Payments are made quarterly.
When is TCPA's next ex-dividend date?
TCPA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TCPA typically pays dividends quarterly.
Is TCPA's dividend safe?
TCPA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +43.4% and FCF payout ratio of +331.6%. The 2-year growth streak provides moderate confidence.
How many years has TCPA increased its dividend?
TCPA has 2 consecutive years of dividend growth. The 5-year dividend CAGR is -0.1%.
How often does TCPA pay dividends?
TransCanada PipeLines Limited 6 pays dividends quarterly. The trailing 12-month total is $1.49 per share. Dividend data on this page covers 0+ years from 2026 to 2026.
How much would $10,000 invested in TCPA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TCPA five years ago would be worth approximately $9,921 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TCPA's yield on cost for long-term holders?
TCPA's yield on cost — the current dividend divided by the original purchase price — is N/A for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +6.2% market yield, thanks to the lower original cost basis.