TRGP Targa Resources dividend history, payout ratio & dates
Targa Resources's last dividend was on Jul 31, 2024 (ex-date) with a distribution of $0.75 per share. On an annualized basis, the company has a current payout of $2.5 per share. This brings the dividend yield to 1.51% based on its recent close price.
Key dates
- TRGP last dividend date: Jul 31, 2024
TRGP dividend stats
vs. Energy sector
Dividend yield
TRGP has a dividend yield of 1.51% which is lower than the Energy sector, the industry and its peers average. In comparison with the Energy sector average of 4.48%, Targa Resources's dividend yield is 66% lower. The current dividend yield is lower than the historical average of 4.2% of the last 5 years.
Dividend history
Targa Resources has been paying dividends since 2011. TRGP has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 47% since one year ago. But with the stock price up by 90% from a year ago, the dividend yield marks a decrease of 23%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Jul 31, 2024 | $0.75 | 1.85% |
| Apr 29, 2024 | $0.75 | 1.92% |
| Jan 30, 2024 | $0.5 | 2.3% |
| Oct 30, 2023 | $0.5 | 2.21% |
| Jul 28, 2023 | $0.5 | 2.11% |
| Apr 27, 2023 | $0.5 | 2.09% |
| Jan 30, 2023 | $0.35 | 1.9% |
| Oct 28, 2022 | $0.35 | 2.08% |
| Jul 28, 2022 | $0.35 | 1.71% |
| Apr 28, 2022 | $0.35 | 1.18% |
| Jan 28, 2022 | $0.35 | 1.12% |
| Oct 28, 2021 | $0.1 | 0.72% |
| Jul 29, 2021 | $0.1 | 0.93% |
| Apr 29, 2021 | $0.1 | 1.15% |
| Jan 29, 2021 | $0.1 | 1.46% |
| Oct 29, 2020 | $0.1 | 7.56% |
| Jul 30, 2020 | $0.1 | 10.81% |
| Apr 30, 2020 | $0.1 | 21.84% |
| Jan 30, 2020 | $0.91 | 9.83% |
| Oct 31, 2019 | $0.91 | 9.36% |
| Jul 30, 2019 | $0.91 | 9.36% |
| Apr 30, 2019 | $0.91 | 9.07% |
| Jan 30, 2019 | $0.91 | 8.43% |
| Oct 30, 2018 | $0.91 | 7.27% |
| Jul 31, 2018 | $0.91 | 7.13% |
| Apr 30, 2018 | $0.91 | 7.75% |
| Jan 31, 2018 | $0.91 | 7.58% |
| Oct 31, 2017 | $0.91 | 8.77% |
| Jul 28, 2017 | $0.91 | 7.78% |
| Apr 28, 2017 | $0.91 | 6.6% |
| Jan 30, 2017 | $0.91 | 6.37% |
| Oct 31, 2016 | $0.91 | 8.29% |
| Jul 29, 2016 | $0.91 | 9.77% |
| Apr 29, 2016 | $0.91 | 8.91% |
| Jan 29, 2016 | $0.91 | 15.69% |
| Oct 29, 2015 | $0.91 | 6.18% |
| Jul 30, 2015 | $0.875 | 3.58% |
| Apr 30, 2015 | $0.83 | 2.88% |
| Jan 29, 2015 | $0.775 | 3.33% |
Targa Resources dividend payout ratio
Payout ratio
TRGP has a payout ratio of 52.2% which is higher than the Energy sector average but lower than the industry and its peers average. If we compare it with the Energy sector average of 49.3%, Targa Resources's payout ratio is 6% higher.
Total amount of dividends paid per financial year (from cash flow)
TRGP dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EPD Enterprise Products Partners Lp | 7.1% | $2.06 | 78.7% |
| CVX Chevron Corp | 4.25% | $6.4 | 63.2% |
| MUR Murphy Oil Corp | 3.6% | $1.18 | 30.7% |
| XOM Exxon Mobil Corp | 3.16% | $3.8 | 45.5% |
| TRGP Targa Resources Corp | 1.51% | $2.5 | 52.2% |
Frequently asked questions
Does Targa Resources pay a dividend?
Yes, Targa Resources has paid four dividends in the last 12 months. TRGP has been paying dividends since 2011.
When was TRGP's last dividend?
Targa Resources's last regular dividend was on Jul 31, 2024 (ex-date) with the amount of $0.75 per share.
How much dividend does Targa Resources pay (per share)?
TRGP has paid dividend of $2.5 per share in the last year.
What is Targa Resources's dividend yield?
The current dividend yield of Targa Resources is 1.51%.
How often does Targa Resources pay dividends?
Targa Resources pays four dividends per year.
What is Targa Resources's dividend payout ratio?
The dividend payout ratio of Targa Resources is 52.2%.
Does Targa Resources pay a good dividend?
Targa Resources's dividend yield is lower than the Energy sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.