Targa Resources Dividend
Dividend criteria checks 4/6
Targa Resources is a dividend paying company with a current yield of 2.63% that is well covered by earnings.
Key information
2.6%
Dividend yield
54%
Payout ratio
Industry average yield | 3.3% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | €3.72 |
Dividend yield forecast in 3Y | 3.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TAR's dividend payments have been volatile in the past 10 years.
Growing Dividend: TAR's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Targa Resources Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (TAR) | 2.6% |
Market Bottom 25% (DE) | 1.7% |
Market Top 25% (DE) | 4.7% |
Industry Average (Oil and Gas) | 3.3% |
Analyst forecast in 3 Years (TAR) | 3.7% |
Notable Dividend: TAR's dividend (2.63%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: TAR's dividend (2.63%) is low compared to the top 25% of dividend payers in the German market (4.7%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.2%), TAR's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (80.8%), TAR's dividend payments are covered by cash flows.