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Targa Resources (TRGP) Dividend Yield, Date & History

Targa Resources logo
$176.79 +4.26 (+2.47%)
(As of 12/20/2024 05:31 PM ET)

Targa Resources Dividend Summary

Dividend Yield
1.70%
Annual Dividend
$3.00
Recent
Dividend Payment
Nov. 15
Annualized 3-Year
Dividend Growth
15.20%
Dividend Payout Ratio
54.25%

Targa Resources (TRGP) pays an annual dividend of $3.00 per share, with a dividend yield of 1.70%. The next quarterly payment of $0.75 per share was paid on Friday, November 15, to investors who owned the stock before the ex-dividend date of Thursday, October 31. The company currently pays out 54.25% of its earnings and 32.07% of its cash flow as dividends.

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TRGP Dividend Payments by Quarter

The chart below displays up to four years of Targa Resources' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TRGP Dividend Yield Over Time

The chart below tracks Targa Resources' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Targa Resources vs. The Competition

Compare Targa Resources' annual dividend, yield, and 3-year growth rate with averages for Energy and NYSE companies to evaluate its performance against the market.

TypeTarga ResourcesEnergy CompaniesNYSE Companies
Annual Dividend$3.00$0.00$1.39
Dividend Yield1.70%11.67%3.59%
Annualized 3-Year Dividend Growth15.20%25.09%15.78%

Targa Resources Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings54.25%
Based on This Year's Estimate47.92%
Based on Next Year's Estimate37.22%
Based on Cashflow32.07%

Targa Resources Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/10/2024Quarterly$0.75 - 1.81%10/31/202410/31/202411/15/2024
7/11/2024Quarterly$0.75 - 2.22%7/31/20247/31/20248/15/2024
4/11/2024Quarterly$0.75+$0.25
50.00%
2.62%4/29/20244/30/20245/15/2024
1/18/2024Quarterly$0.50 - 2.42%1/30/20241/31/20242/15/2024
10/12/2023Quarterly$0.50 - 2.29%10/30/202310/31/202311/15/2023
7/13/2023Quarterly$0.50 - 2.56%7/28/20237/31/20238/15/2023
4/13/2023quarterly$0.50+$0.15
42.86%
2.61%4/27/20234/28/20235/15/2023
1/19/2023Quarterly$0.35 - 1.85%1/30/20231/31/20232/15/2023

This table shows Targa Resources' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Targa Resources Dividend - Frequently Asked Questions

The current dividend yield for Targa Resources is 1.70%. Learn more on TRGP's dividend yield history.

The annual dividend for TRGP shares is $3.00. Learn more on TRGP's annual dividend history.

Targa Resources pays quarterly dividends to shareholders.

Targa Resources's most recent quarterly dividend payment of $0.75 per share was made to shareholders on Friday, November 15, 2024.

Targa Resources's most recent ex-dividend date was Thursday, October 31, 2024.

Over the past three years, the company's dividend has grown by an average of 15.20% per year.

The most recent change in the company's dividend was an increase of $0.25 on Thursday, April 11, 2024.

The dividend payout ratio for TRGP is:
  • 54.25% based on the trailing year of earnings
  • 47.92% based on this year's estimates
  • 37.22% based on next year's estimates
  • 32.07% based on cash flow

Targa Resources' dividend yield of 1.64% is lower than the average Oils/Energy company that issues a dividend. Targa Resources' dividend payout ratio of 54.25% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Targa Resources stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NYSE:TRGP) was last updated on 12/21/2024 by MarketBeat.com Staff
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