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Targa Resources Corp (NYSE:TRGP)
Dividend Payout Ratio
0.95 (As of Sep. 2014)

Targa Resources Corp's dividend payout ratio for the three months ended in Sep. 2014 was 0.95.

TRGP' s 10-Year Dividend Payout Ratio Range
Min: 0.39   Max: 2.42
Current: 1.09

0.39
2.42

During the past 6 years, the highest Dividend Payout Ratio of Targa Resources Corp was 2.42. The lowest was 0.39. And the median was 1.38.

TRGP's Dividend Payout Ratiois ranked higher than
78% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.48 vs. TRGP: 1.09 )

As of Today, the Trailing Annual Dividend Yield of Targa Resources Corp is 2.66%.

Good Sign:

Targa Resources Corp stock dividend yield is close to 2-year high.

During the past 6 years, the highest Trailing Annual Dividend Yield of Targa Resources Corp was 3.18%. The lowest was 0.17%. And the median was 2.35%.

Targa Resources Corp's Dividends Per Share for the three months ended in Sep. 2014 was $0.69.

During the past 12 months, Targa Resources Corp's average Dividends Per Share Growth Rate was 31.80% 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. 2013 is calculated as

Dividend Payout Ratio=Dividends Per Share (A: Dec. 2013 )/Earnings per Share (A: Dec. 2013 )
=2.055/1.55
=1.33

Targa Resources Corp's Dividend Payout Ratio for the quarter that ended in Sep. 2014 is calculated as

Dividend Payout Ratio=Dividends Per Share (Q: Sep. 2014 )/Earnings per Share (Q: Sep. 2014 )
=0.69/0.73
=0.95

* 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

Dec08Dec09Dec10Dec11Dec12Dec13
payout 0.000.000.000.000.000.000.001.261.671.33

Targa Resources Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
payout 1.741.881.581.431.381.371.171.291.030.95
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