TC Energy shares fall 14.4% over three months as dividend yield rises to nearly 4.2%
TC Energy shares have fallen ~14% over three months, lifting the dividend yield to ~4.2%, while the company announced a $560m sale of its Guadalajara"Manzanillo Mexico pipeline (expected close 1H27). The deal signals ongoing capital recycling to fund higher-return projects and support balance sheet discipline amid heavy capex scrutiny. The news is more company-specific than macro, with limited immediate read-through to broader markets.
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TC Energy shares have fallen 14.4% over the past three months, lifting the dividend yield to nearly 4.2%. The company announced a $560 million sale of its Guadalajara-Manzanillo Pipeline in Mexico, with the deal expected to close in the first half of 2027. After the sale, TC Energy will still operate a 3,300-kilometer pipeline network in Mexico that transports nearly 8.7 billion cubic feet of natural gas per day.