TC Energy Corporation Preferred Stock Series 1.694% Perpetual

TC Energy Corporation Preferred Stock Series 1.694% Perpetual is a type of preferred equity issued by TC Energy Corporation, a leading energy infrastructure company in North America. This preferred stock offers a fixed dividend rate of 1.694%, providing a steady income stream for shareholders, regardless of the company's future performance. As a perpetual preferred stock, there is no maturity date, meaning it can be held indefinitely, making it a long-term income-focused security. Preferred stocks like this one typically hold precedence over common stocks in the distribution of dividends and upon the liquidation of company assets, offering a layer of financial protection. TC Energy Corporation operates in the energy sector, specializing in natural gas and oil pipelines, power generation, and energy storage facilities, directly impacting energy distribution and infrastructure industry sectors. In the financial market, preferred stocks are significant for income-seeking investors looking for stable returns with lower volatility than common stocks. As a part of an established corporation like TC Energy, these preferred shares contribute to the company’s capital structure, aiding in capital raising while promising stable returns to investors.