TC PipeLines, LP (NYSE:TCP) Updates On Dividend Release Date


On 2016-07-22, TC PipeLines, LP (NYSE:TCP) confirmed the dividend disbursement of $0.94 a share to shareholders as on record 2016-08-01. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-07-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, TC PipeLines, LP (NYSE:TCP) paid a total of $0.94 per share in dividends. This figure stood at $0.94 a share in the same period a year ago indicating a deviation of 4.8485%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $56 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $61 and $49, respectively.

Taking the mathematical rating formula, the price for TC PipeLines, LP (NYSE:TCP) stands at 3.26. Earnings Review TC PipeLines, LP (NYSE:TCP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-04. For the period ending on 2016-09-30, experts are expecting EPS of $0.62.

Coming to the quarter ending on 2015-12-31, TC PipeLines, LP (NYSE:TCP) recorded EPS of $0.76. The reported numbers came lower than the analysts’ estimates of $0.61, demonstrating a miss of $0.15 as against reported figures.

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