Q: "TC Energy intends that the initial combined dividends of the two companies will be equivalent to TC Energy’s annual dividend immediately prior to the completion of the Transaction, and that over time the combined value of the two companies’ dividends is expected to remain consistent. Dividends will be at the discretion of the respective boards of directors of each company following the Transaction."
Does that mean they will split the dividend? e.g. old dividend 8%. New dividend 4% each company?
Does that mean they will split the dividend? e.g. old dividend 8%. New dividend 4% each company?
5i Research Answer:
It does not necessarily mean an equal split, but the 93c per share quarterly dividend is expected to be maintained. But at this time we do not know if it will be 46.5 cents for each company or some other split.