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TRGP Targa Resources dividend history, payout ratio & dates

Targa Resources's last quarterly dividend was on Jul 28, 2022 (ex-date) with a distribution of $0.35 per share. On an annualized basis, the company has a current payout of $1.15 per share. This brings the dividend yield to 1.91% based on its recent close price.

Key dates

  • TRGP last dividend date: Jul 28, 2022
  • TRGP next dividend date: Not announced
TRGP dividend stats
DPS
$1.15
Dividend yield
1.82%
Payout ratio
123.7%
vs. Energy sector
Dividend yield
4.28%
Payout ratio
47.3%

Dividend yield

What is Targa Resources current dividend yield

TRGP has a dividend yield of 1.91% which is lower than the Energy sector, the industry and its peers average. In comparison with the Energy sector average of 4.28%, Targa Resources's dividend yield is 55% lower. The current dividend yield is lower than the historical average of 6.7% of the last 5 years.

Dividend history

What is TRGP dividend payout history and dates

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 188% since one year ago. And with the stock price up by 19% from a year ago, the dividend yield has grown by 142%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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

Targa Resources dividend payout ratio

What is Targa Resources dividend payout ratio compared to the sector

Payout ratio

TRGP has a payout ratio of 123.7% which is higher than the Energy sector, the industry and its peers average. If we compare it with the Energy sector average of 47.3%, Targa Resources's payout ratio is 162% higher.

Total amount of dividends paid per financial year (from cash flow)

TRGP dividend vs peer dividends

How does TRGP dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
EPD Enterprise Products Partners Lp 7.7% $1.87 84.2%
XOM Exxon Mobil Corp 3.87% $3.52 38.5%
CVX Chevron Corp 3.72% $5.6 37.3%
TRGP Targa Resources Corp 1.82% $1.15 123.7%
MUR Murphy Oil Corp 1.82% $0.7 21.1%

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 is Targa Resources's next dividend?

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 October 2022.

When was TRGP's last dividend?

Targa Resources's last regular dividend was on Jul 28, 2022 (ex-date) with the amount of $0.35 per share.

How much dividend does Targa Resources pay (per share)?

TRGP has paid dividend of $1.15 per share in the last year.

What is Targa Resources's dividend yield?

The current dividend yield of Targa Resources is 1.91%.

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 123.7%.

Does Targa Resources pay a good dividend?

Targa Resources's dividend yield is lower than the Energy sector average.