Targa Resources's last quarterly dividend was on Apr 27, 2023 (ex-date) with a distribution of $0.5 per share. On an annualized basis, the company has a current payout of $1.55 per share. This brings the dividend yield to 2.25% based on its recent close price. The latest dividend has grown by $0.15, or 43% from the previous dividend.
TRGP has a dividend yield of 2.25% which is lower than the Energy sector, the industry and its peers average. In comparison with the Energy sector average of 4.46%, Targa Resources's dividend yield is 50% lower. The current dividend yield is lower than the historical average of 5.8% of the last 5 years.
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 72% since one year ago. And with the stock price down by 8% from a year ago, the dividend yield has grown by 88%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Apr 27, 2023 | May 15, 2023 | Apr 13, 2023 | $0.5 | normal |
Jan 30, 2023 | Feb 15, 2023 | Jan 19, 2023 | $0.35 | normal |
Oct 28, 2022 | Nov 15, 2022 | Oct 13, 2022 | $0.35 | normal |
Jul 28, 2022 | Aug 15, 2022 | Jul 14, 2022 | $0.35 | normal |
Apr 28, 2022 | May 16, 2022 | Apr 14, 2022 | $0.35 | normal |
Jan 28, 2022 | Feb 15, 2022 | Jan 20, 2022 | $0.35 | normal |
Oct 28, 2021 | Nov 15, 2021 | Oct 14, 2021 | $0.1 | normal |
Jul 29, 2021 | Aug 16, 2021 | Jul 15, 2021 | $0.1 | normal |
Apr 29, 2021 | May 14, 2021 | Apr 15, 2021 | $0.1 | normal |
Jan 29, 2021 | Feb 16, 2021 | Jan 20, 2021 | $0.1 | normal |
Oct 29, 2020 | Nov 16, 2020 | Oct 15, 2020 | $0.1 | normal |
Jul 30, 2020 | Aug 17, 2020 | Jul 16, 2020 | $0.1 | normal |
Apr 30, 2020 | May 15, 2020 | Apr 16, 2020 | $0.1 | normal |
Jan 30, 2020 | Feb 18, 2020 | Jan 16, 2020 | $0.91 | normal |
Oct 31, 2019 | Nov 15, 2019 | Oct 16, 2019 | $0.91 | normal |
Jul 30, 2019 | Aug 15, 2019 | Jul 17, 2019 | $0.91 | normal |
Apr 30, 2019 | May 15, 2019 | Apr 17, 2019 | $0.91 | normal |
Jan 30, 2019 | Feb 15, 2019 | Jan 17, 2019 | $0.91 | normal |
Oct 30, 2018 | Nov 15, 2018 | Oct 17, 2018 | $0.91 | normal |
Jul 31, 2018 | Aug 15, 2018 | Jul 18, 2018 | $0.91 | normal |
Apr 30, 2018 | May 15, 2018 | Apr 18, 2018 | $0.91 | normal |
Jan 31, 2018 | Feb 15, 2018 | Jan 18, 2018 | $0.91 | normal |
Oct 31, 2017 | Nov 15, 2017 | Oct 18, 2017 | $0.91 | normal |
Jul 28, 2017 | Aug 15, 2017 | Jul 19, 2017 | $0.91 | normal |
Apr 28, 2017 | May 16, 2017 | Apr 19, 2017 | $0.91 | normal |
Jan 30, 2017 | Feb 15, 2017 | Jan 19, 2017 | $0.91 | normal |
Oct 31, 2016 | Nov 15, 2016 | Oct 19, 2016 | $0.91 | normal |
Jul 29, 2016 | Aug 15, 2016 | Jul 19, 2016 | $0.91 | normal |
Apr 29, 2016 | May 16, 2016 | Apr 20, 2016 | $0.91 | normal |
Jan 29, 2016 | Feb 9, 2016 | Jan 19, 2016 | $0.91 | normal |
TRGP has a payout ratio of 39.4% which is higher than the Energy sector and its peers average but lower than the industry average. If we compare it with the Energy sector average of 36.5%, Targa Resources's payout ratio is 8% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
EPD Enterprise Products Partners Lp | 7.41% | $1.93 | 76% |
CVX Chevron Corp | 3.77% | $5.86 | 31.5% |
XOM Exxon Mobil Corp | 3.43% | $3.61 | 24.4% |
MUR Murphy Oil Corp | 2.81% | $1.05 | 12.8% |
TRGP Targa Resources Corp | 2.18% | $1.55 | 39.4% |
Yes, Targa Resources has paid four dividends in the last 12 months. TRGP has been paying dividends since 2011.
TRGP hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in July 2023.
Targa Resources's last regular dividend was on Apr 27, 2023 (ex-date) with the amount of $0.5 per share.
TRGP has paid dividend of $1.55 per share in the last year.
The current dividend yield of Targa Resources is 2.25%.
Targa Resources pays four dividends per year.
The dividend payout ratio of Targa Resources is 39.4%.
Targa Resources's dividend yield is lower than the Energy sector average.