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Targa Resources (Targa Resources) Dividend Yield %

: 1.77% (As of Today)
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As of today (2024-04-16), the Trailing Annual Dividend Yield of Targa Resources is 1.77%.

Warning Sign:

Targa Resources Corp stock dividend yield is close to 1-year low.

The historical rank and industry rank for Targa Resources's Dividend Yield % or its related term are showing as below:

TRGP' s Dividend Yield % Range Over the Past 10 Years
Min: 0.53   Med: 4.04   Max: 57.5
Current: 1.77

During the past 13 years, the highest Dividend Yield of Targa Resources was 57.50%. The lowest was 0.53%. And the median was 4.04%.

TRGP's Dividend Yield % is ranked worse than
80.4% of 495 companies
in the Oil & Gas industry
Industry Median: 4 vs TRGP: 1.77

Targa Resources's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.41.

During the past 13 years, the highest Dividend Payout Ratio of Targa Resources was 12.47. The lowest was 0.22. And the median was 0.70.

As of today (2024-04-16), the Forward Dividend Yield % of Targa Resources is 2.65%.

Targa Resources's Dividends per Share for the three months ended in Dec. 2023 was $0.50.

During the past 12 months, Targa Resources's average Dividends Per Share Growth Rate was 32.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -19.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -10.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Targa Resources was 42.20% per year. The lowest was -52.10% per year. And the median was 10.80% per year.

The growth rate is calculated with least square regression.

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


Targa Resources Dividend Yield % Historical Data

The historical data trend for Targa Resources's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Targa Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.92 4.59 0.77 1.90 2.13

Targa Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.90 1.92 2.04 1.98 2.13

Competitive Comparison

For the Oil & Gas Midstream subindustry, Targa Resources's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Targa Resources Dividend Yield % Distribution

For the Oil & Gas industry and Energy sector, Targa Resources's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Targa Resources's Dividend Yield % falls into.



Targa Resources Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Targa Resources Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.5002024-01-302024-01-312024-02-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.5002023-10-302023-10-312023-11-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.5002023-07-282023-07-312023-08-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.5002023-04-272023-04-282023-05-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Targa Resources's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=2/114.07
=1.75 %

Current Share Price is $114.07.
Targa Resources's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.

Targa Resources's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=2/114.07
=1.75 %

Current Share Price is $114.07.
Targa Resources's Dividends per Share for the forward twelve months is calculated as $0.5 * 4 = $2.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Targa Resources  (NYSE:TRGP) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Targa Resources Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Targa Resources's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Targa Resources (Targa Resources) Business Description

Traded in Other Exchanges
Address
811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.
Executives
Robert Muraro officer: See Remarks 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka officer: Senior VP and CAO 811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
G Clark White officer: EVP - Engineering & Operations 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory officer: See Remarks 2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
D. Scott Pryor officer: See Remarks 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Paul W Chung officer: EVP, Gen. Counsel & Secretary TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Charles R Crisp director 1301 MCKINNEY STE 700, HOUSTON TX 77010
Lindsey Cooksen director 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Rene R Joyce director P.O. BOX 130430, HOUSTON TX 77219-0430
Jennifer R. Kneale officer: Chief Financial Officer 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins director, officer: Chief Executive Officer TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Patrick J. Mcdonie officer: See Remarks 110 W. 7TH STREET, SUITE 2300, TULSA OK 74119
Davis Waters S Iv director 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Redd Ershel C Jr director C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Chris Tong director 600 E LAS COLINAS # 1100, IRVING TX 75019

Targa Resources (Targa Resources) Headlines