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Targa Resources Corp (NYSE:TRGP)
Dividend Payout Ratio
11.07 (As of Mar. 2015)

Targa Resources Corp's dividend payout ratio for the three months ended in Mar. 2015 was 11.07.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout of Targa Resources Corp is 10.54, which seems too high.

TRGP' s 10-Year Dividend Payout Ratio Range
Min: 0.39   Max: 11.07
Current: 1.43

0.39
11.07

During the past 7 years, the highest Dividend Payout Ratio of Targa Resources Corp was 11.07. The lowest was 0.39. And the median was 1.38.

TRGP's Dividend Payout Ratiois ranked lower than
59% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.16 vs. TRGP: 1.43 )

As of Today, the Trailing Annual Dividend Yield of Targa Resources Corp is 3.46%.

Good Sign:

Targa Resources Corp stock dividend yield is close to 5-year high.

During the past 7 years, the highest Trailing Annual Dividend Yield of Targa Resources Corp was 3.19%. The lowest was 0.17%. And the median was 2.44%.

Targa Resources Corp's Dividends Per Share for the three months ended in Mar. 2015 was $0.78.

During the past 12 months, Targa Resources Corp's average Dividends Per Share Growth Rate was 29.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 42.20% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Targa Resources Corp was 42.20% per year. The lowest was 0.00% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Definition

Dividend payout ratio measures the percentage of the company’s earnings paid out as dividends.

Targa Resources Corp's Dividend Payout Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Dividend Payout Ratio=Dividends Per Share (A: Dec. 2014 )/Earnings per Share (A: Dec. 2014 )
=2.678/2.43
=1.10

Targa Resources Corp's Dividend Payout Ratio for the quarter that ended in Mar. 2015 is calculated as

Dividend Payout Ratio=Dividends Per Share (Q: Mar. 2015 )/Earnings per Share (Q: Mar. 2015 )
=0.775/0.07
=11.07

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Related Terms

Net Income, Dividends Per Share, Earnings per Share, Dividend Yield, 3-Year Dividends Growth Rate, 5-Year Dividends Growth Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14
payout 0.000.000.000.000.000.001.261.671.331.10

Targa Resources Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
payout 1.581.431.381.371.171.291.030.951.2111.07
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