The Globe and Mail reports in its Wednesday edition that TC Energy has been a standout performer in 2019, delivering a total return of 36 per cent. The Globe's John Heinzl writes that he is not in the mood to sell and lock in a profit on his model Yield Hog Dividend Growth Portfolio. A short-term pullback is always possible after such scorching gains, but Mr. Heinzl says that he is confident the pipeline operator and power producer (formerly TransCanada) will continue to reward investors over the long run. Falling bond yields have given TC Energy and other pipelines a boost. The tailwind from lower rates -- which cut borrowing costs and improve stock valuations for pipeline operators -- are likely to persist for some time. Also, TC Energy has raised its dividend for 19 consecutive years, and it is not about to stop now: The Calgary-based company has pledged to raise its dividend at an annual rate of 8 to 10 per cent through 2021 thanks to a strong balance sheet and plans for future growth. Unlike the fixed income from bonds and guaranteed investment certificates, a growing dividend protects your purchasing power from the ravages of inflation. TC Energy's current dividend yield is a healthy 4.6 per cent.
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