Targa Resources Dividend
Dividend criteria checks 4/6
Targa Resources is a dividend paying company with a current yield of 2.59% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 29th April, 2024.
Key information
2.6%
Dividend yield
54%
Payout ratio
| Industry average yield | 3.9% |
| Next dividend pay date | 15 May 24 |
| Ex dividend date | 29 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | US$3.72 |
| Dividend yield forecast in 3Y | 3.6% |
Recent dividend updates
Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15
Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35
Jan 24Recent updates
Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Apr 07Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20Targa: 2024 Shaping Up To Be A Good Year
Mar 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Dec 26Targa Resources: Promising Growth Prospects But Almost Full Valuation
Dec 05Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Oct 22Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Sep 21Targa Resources Growing Organically
Sep 21Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Sep 02Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates
Aug 15Targa Resources Corp: At A Premium That Mutes A Buy Case
Jul 30Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet
Jul 10Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jun 18These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well
Apr 03Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price
Mar 07Targa Resources Q4 2022 Earnings Preview
Feb 21Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35
Jan 24News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts
Jan 20Targa Resources declares $0.35 dividend
Jan 20Targa Resources prices $1.75B notes offering to buy remaining stake in Grand Prix NGL Pipeline
Jan 03Is Targa Resources (NYSE:TRGP) Using Too Much Debt?
Dec 22Targa Resources: With Solid Q3 Results, This Company May Be Worth Considering
Nov 04Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Nov 02Targa Resources declares $0.35 dividend
Oct 13Targa Resources moves to S&P 500; Payoneer jumps on SmallCap 600 addition
Oct 06Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Sep 22Targa Resources: Impressive Q2 Earnings Plus Growth Prospects
Aug 26Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Aug 26Targa Resources Q2 2022 Earnings Preview
Aug 03Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?
Aug 01Targa Resources declares $0.35 dividend
Jul 14Updating Our Targa Resources Valuation After Its Lucid Energy Acquisition
Jun 30Targa Resources: Back In The Buy Zone
Jun 21Upcoming Dividend Payment
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) | 2.6% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Oil and Gas) | 3.9% |
| Analyst forecast in 3 Years (TRGP) | 3.6% |
Notable Dividend: TRGP's dividend (2.59%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: TRGP's dividend (2.59%) is low compared to the top 25% of dividend payers in the US market (4.8%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.2%), TRGP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (80.8%), TRGP's dividend payments are covered by cash flows.