This Is My Favorite Energy Stock Right Now

1 min read

Canadian midstream energy company TC Energy (NYSE: TRP) has an impressive dividend growth streak of 21 consecutive years. The stock’s current yield of 5.4% makes it extremely attractive for dividend investors. Apart from an appealing dividend income, several other factors make TC Energy’s stock enticing. Let’s see what makes TC Energy my favorite stock right now.

The first thing that provides TC Energy with a significant competitive advantage is its strategically located and huge asset base. The company operates one of North America’s largest natural gas pipeline networks, transporting roughly 25% of the total natural gas consumed in North America. Its liquids pipeline system transports 20% of all exports from the Western Canadian Sedimentary Basin (WCSB).

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