TRP run a Canadian natural gas pipeline with a steady income flow. Company is well funded, strong balance sheet.
Strong dividend yield which has been paid out consecutively for the past 20 years. Dividend has been raised 7% annually.
Payout ration is 40% and it's revenue is derived from long term fee-based contracts for use of it's pipeline.
With this great payout ration there's no reason to think the company won't be able to serve the dividend long term.
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