TC Energy identified as a potential long-term dividend stock for retirees

TC Energy (TSX: TRP) is identified as a potential long-term dividend stock for retirees due to its stable business model and predictable cash flows. The company focuses on the transportation and storage of natural gas, alongside investments in power generation.

Approximately 98% of the company’s comparable EBITDA is derived from regulated assets or long-term contractual arrangements, such as take-or-pay agreements. This structure helps insulate the business from commodity price volatility. TC Energy has demonstrated a consistent history of shareholder returns, recently increasing its quarterly dividend by 3.2% to $0.88 per share, marking its 26th consecutive year of dividend growth.