Trailing Dividend / Share
$3.81
Targa Resources Corp. (TRGP) Dividend History
Income profile from 2011 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
1.5%
Payout Ratio
44.4%
Sustainable
Dividend Streak
4 years
TRGP Dividend Income Check
Safety
44.4% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 14.3% and trend is rising.
TRGP Dividend Scorecard
Yield & Income
Dividend Yield1.5%
Trailing DPS$3.81
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout44.4%
Earnings SafetySustainable
FCF Payout311.9%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak4 years
3Y CAGR38.9%
5Y CAGR25.4%
Yield on Cost (5Y)14.3%
YOC Trendrising
Total Returns
Buyback Yield1.2%
Total Shareholder Yield2.6%
1Y Total Return55.2%
5Y Total Return512.9%
Div Contribution (5Y)27.6%
Estimated $10K growth (return + dividends):
5Y ago$61,29010Y ago$67,90520Y ago$120,374
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TRGP Income Growth Story
Dividend per share and yield on cost over time (16 years of payments)
TRGP Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Targa Resources Corp. distributes 44.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 311.9%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TRGP has raised its dividend for 4 consecutive years, with a 3-year CAGR of 38.9% and 5-year CAGR of 25.4%.
Total Shareholder Returns
Beyond cash dividends, TRGP returns capital through share repurchases. The combined picture: 1.5% dividend yield, 1.2% buyback yield, 2.6% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 14.3% and is currently rising. The 5-year total return is 512.9%, with dividends contributing 27.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $67,905 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
TRGP Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$12.20
Avg/Payment$0.6100
Latest Change+25.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 30, 2026Latest | $1.2500 | ↑ +25.0% | 1.63% | May 15, 2026 |
| Jan 30, 2026 | $1.0000 | — | 1.99% | Feb 13, 2026 |
| Oct 31, 2025 | $1.0000 | — | 2.43% | Nov 17, 2025 |
| Jul 31, 2025 | $1.0000 | — | 2.10% | Aug 15, 2025 |
| Apr 30, 2025 | $1.0000 | ↑ +33.3% | 1.90% | May 15, 2025 |
| Jan 31, 2025 | $0.7500 | — | 1.52% | Feb 14, 2025 |
| Oct 31, 2024 | $0.7500 | — | 1.65% | Nov 15, 2024 |
| Jul 31, 2024 | $0.7500 | — | 1.85% | Aug 15, 2024 |
TRGP Dividend vs Peers
Comparable companies in the same industry
#8 yield in peer group
Div Yield
1.5%
#8 of 8
Safety
Sustainable
44.4% payout
Streak
4Y
25.4% 5Y CAGR
Total Shareholder
2.6%
#8 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| TRGPTarga Resources Corp… | $55.5B | 1.5% | 44.4% | 4 | Sustainable |
1st  WESWestern Midstream Pa… | $16.9B | 8.3% | 1.2% | 4 | Sustainable |
 CTRACoterra Energy Inc. | $24.7B | 2.8% | 39.7% | 2 | Sustainable |
2nd  HESMHess Midstream LP | $7.7B | 7.7% | 99.2% | 9 | At Risk |
3rd  MPLXMPLX Lp | $57.7B | 6.9% | 81.8% | 4 | Watch |
 AMAntero Midstream Cor… | $10.3B | 4.2% | 1.1% | 0 | Sustainable |
 EPDEnterprise Products … | $79.1B | 5.8% | 80.5% | 28 | Watch |
 ETEnergy Transfer LP | $64.5B | 6.9% | 96.4% | 4 | At Risk |
TRGP Annual Dividend History (2008–2026)
19 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.25 | — | 2 | — | — | — | 8.6% |
| 2025 | $3.75 | 36.4% | 4 | $8.52 | 44.0% | 2.27x | 14.3% |
| 2024 | $2.75 | 48.6% | 4 | $5.74 | 47.9% | 2.09x | 10.5% |
| 2023 | $1.85 | 32.1% | 4 | $3.66 | 50.5% | 1.98x | 7.1% |
| 2022 | $1.40 | 250.0% | 4 | $3.88 | 36.1% | 2.77x | 5.4% |
| 2021 | $0.40 | -66.9% | 4 | $-0.07 | — | — | 1.5% |
| 2020 | $1.21 | -66.8% | 4 | $-7.26 | — | — | 4.6% |
| 2019 | $3.64 | 0.0% | 4 | $-1.44 | — | — | 13.9% |
| 2018 | $3.64 | 0.0% | 4 | $-0.53 | — | — | 13.9% |
| 2017 | $3.64 | 0.0% | 4 | $-0.31 | — | — | 13.9% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into TRGP consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
15+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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TRGP — Frequently Asked Questions
Quick answers to the most common questions about buying TRGP stock.
How much dividend does TRGP pay per share?
Targa Resources Corp. (TRGP) pays a trailing 12-month dividend of $3.81 per share, with a current dividend yield of +1.5%. Payments are made Semi-Annual.
When is TRGP's next ex-dividend date?
TRGP's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TRGP typically pays dividends Semi-Annual.
Is TRGP's dividend safe?
TRGP's dividend safety is rated "Sustainable" based on an earnings payout ratio of +44.4% and FCF payout ratio of +311.9%. The 4-year growth streak provides moderate confidence.
Is TRGP a Dividend Payer?
Yes, Targa Resources Corp. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +25.4%, demonstrating above-inflation dividend growth.
How often does TRGP pay dividends?
Targa Resources Corp. pays dividends Semi-Annual. The trailing 12-month total is $3.81 per share. Dividend data on this page covers 15+ years from 2011 to 2026.
How much would $10,000 invested in TRGP grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TRGP five years ago would be worth approximately $61,290 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TRGP's yield on cost for long-term holders?
TRGP's yield on cost — the current dividend divided by the original purchase price — is +14.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +1.5% market yield, thanks to consistent dividend growth.