TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. The company was founded in 1951 and is based in Calgary, Canada.
COVID-19 clobbered dividend investors this year as hundreds of companies slashed and suspended their payouts to preserve cash during the pandemic. That cut into the cash flows of most income investors while also leaving them with fewer options to help pick up the slack.
Oil prices have nosedived quite a few times in recent years. Each tumble has blown a hole in the cash flows of oil companies, causing their stock prices to tumble. Many have struggled to survive as these deep dives have caused wave after wave of bankruptcy filings.