TC Energy Corp. Preferred Stock 1.949% Perpetual

TC Energy Corp. Preferred Stock 1.949% Perpetual is a type of equity security that represents ownership in TC Energy Corp., a leading North American energy infrastructure company. The primary purpose of this preferred stock is to provide investors with a steady income stream through its fixed dividend yield of 1.949%. Unlike common stocks, preferred stocks have priority over common shares in dividend payments, making them an attractive option for income-focused investors looking for stability in their investment portfolios. As a perpetual stock, it does not have a maturity date, allowing investors to benefit from dividend payments indefinitely, unless called by the company. TC Energy Corp. plays a critical role in the infrastructure of energy transportation and distribution across Canada, the United States, and Mexico, particularly in the sectors of natural gas and oil pipelines. This preferred stock is significant in the market as it helps the company raise capital while offering investors a less volatile vehicle compared to common shares, especially in the often cyclical energy sector. The energy infrastructure sector's reliability and importance to the economy underscore the strategic role of preferred stocks like these in broader investment portfolios.