Targa Resources Dividend
Dividend criteria checks 3/6
Targa Resources is a dividend paying company with a current yield of 2.67% that is well covered by earnings.
Key information
2.7%
Dividend yield
46%
Payout ratio
Industry average yield | 4.3% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | US$4.95 |
Dividend yield forecast in 3Y | 3.9% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 0LD9's dividend payments have been volatile in the past 10 years.
Growing Dividend: 0LD9'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 (0LD9) | 2.7% |
Market Bottom 25% (GB) | 2.1% |
Market Top 25% (GB) | 5.8% |
Industry Average (Oil and Gas) | 4.3% |
Analyst forecast in 3 Years (0LD9) | 3.9% |
Notable Dividend: 0LD9's dividend (2.67%) is higher than the bottom 25% of dividend payers in the UK market (2.1%).
High Dividend: 0LD9's dividend (2.67%) is low compared to the top 25% of dividend payers in the UK market (5.8%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.9%), 0LD9's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (196.4%), 0LD9's dividend payments are not well covered by cash flows.