Targa Resources Dividends and Buybacks
Dividend criteria checks 2/6
Targa Resources is a dividend paying company with a current yield of 1.45% that is well covered by earnings.
Key information
1.4%
Dividend yield
1.6%
Buyback Yield
| Total Shareholder Yield | 3.1% |
| Future Dividend Yield | 2.3% |
| Dividend Growth | -9.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | Mex$3.000 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRGP *'s dividend payments have been volatile in the past 10 years.
Growing Dividend: TRGP *'s dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Targa Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TRGP *) | 1.4% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.1% |
| Industry Average (Oil and Gas) | 14.2% |
| Analyst forecast (TRGP *) (up to 3 years) | 2.3% |
Notable Dividend: TRGP *'s dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.63%).
High Dividend: TRGP *'s dividend (1.45%) is low compared to the top 25% of dividend payers in the MX market (7.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.5%), TRGP *'s dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (204.1%), TRGP *'s dividend payments are not well covered by cash flows.