Targa Resources's last quarterly dividend was on Jan 30, 2024 (ex-date) with a distribution of $0.5 per share. On an annualized basis, the company has a current payout of $2 per share. This brings the dividend yield to 1.71% based on its recent close price.
TRGP has a dividend yield of 1.71% which is lower than the Energy sector, the industry and its peers average. In comparison with the Energy sector average of 3.7%, Targa Resources's dividend yield is 54% lower. The current dividend yield is lower than the historical average of 4.9% 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 43% since one year ago. But with the stock price up by 52% from a year ago, the dividend yield marks a decrease of 6%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 30, 2024 | Feb 15, 2024 | Jan 18, 2024 | $0.5 | normal |
| Oct 30, 2023 | Nov 15, 2023 | Oct 12, 2023 | $0.5 | normal |
| Jul 28, 2023 | Aug 15, 2023 | Jul 13, 2023 | $0.5 | normal |
| 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 54.2% 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 44.5%, Targa Resources's payout ratio is 22% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EPD Enterprise Products Partners Lp | 6.93% | $2.01 | 79.6% |
| CVX Chevron Corp | 3.73% | $6.16 | 54% |
| XOM Exxon Mobil Corp | 3.07% | $3.72 | 41.8% |
| MUR Murphy Oil Corp | 2.42% | $1.13 | 26.4% |
| TRGP Targa Resources Corp | 1.7% | $2 | 54.2% |
Yes, Targa Resources has paid four dividends in the last 12 months. TRGP has been paying dividends since 2011.
TRGP's next dividend date is Apr 29, 2024 (ex-date).
Targa Resources's last regular dividend was on Jan 30, 2024 (ex-date) with the amount of $0.5 per share.
TRGP has paid dividend of $2 per share in the last year.
The current dividend yield of Targa Resources is 1.71%.
Targa Resources pays four dividends per year.
The dividend payout ratio of Targa Resources is 54.2%.
Targa Resources's dividend yield is lower than the Energy sector average.