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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (147914)	6/19/2023 2:15:11 PM
From: Goose94	Read Replies (1) \| Respond to of 202365

Trans Canada Energy (TRP-T) top pick from Teal Linde BNN.ca Market Call Monday June 19th @ 1200ET TC Energy is one of the highest dividend yielders on the TSX with a dividend yield of 6.7 per cent. It is able to achieve this high dividend yield while keeping its payout ratio, based on earnings, at less than 100 per cent. There has been a tendency over the last couple of decades for more companies to pay out annual dividends that exceed annual earnings, and instead base the payout ratio on distributable cash flow, which gives them more leeway. This is acceptable, but payout ratios based on cash flow are not as conservative as payout ratios based on earnings, with depreciation expense being the major difference. TC Energy also trades at 13 times the expected EPS of $4.25 for this year and is the subject of considerable insider buying. Over the last year, insiders have purchased nearly $4 million worth of stock and sold only $2,000 worth. TC Energy’s stock is also trading near the bottom end of its 10-year trading range.