Targa Resources Corp. Dividend history 13 years & forecast 2024 to 2028
Dividend analysis of the Targa Resources Corp. share
| Current dividend yield | 4.44 % |
| Dividendenrendite 5 Jahre | 5.71 % |
| Dividend yield 10 years | 4.01 % |
| Payout 3 years | 5.8 % |
When does Targa Resources Corp. pay a dividend?
The Targa Resources Corp. share dividend is distributed 4 times a year. In order to receive a dividend, you should generally own the Targa Resources Corp. share before the ex-dividend date. The dividend calendar shows that the last ex-day dates were January, April, July and October . Dividends from Targa Resources Corp. are distributed via February, May, August and November.
| Year | Dividend | Ex-day & Payday |
Frequency | |
|---|---|---|---|---|
| Financial year | Dividend per share | Ex-Day | Payday | Payment frequency |
| 2024 |
$0.75
$0.75
|
Apr 29 2024
Apr 29 2024
May 15 2024
Apr 29 24
May 15 24 |
May 15 2024 |
quarterly
quarterly
|
| 2024 |
$0.5
$0.5
|
Jan 30 2024
Jan 30 2024
Feb 15 2024
Jan 30 24
Feb 15 24 |
Feb 15 2024 |
quarterly
quarterly
|
| 2023 |
$0.5
$0.5
|
Oct 30 2023
Oct 30 2023
Nov 15 2023
Oct 30 23
Nov 15 23 |
Nov 15 2023 |
quarterly
quarterly
|
| 2023 |
$0.5
$0.5
|
Jul 28 2023
Jul 28 2023
Aug 15 2023
Jul 28 23
Aug 15 23 |
Aug 15 2023 |
quarterly
quarterly
|
| 2023 |
$0.5
$0.5
|
Apr 27 2023
Apr 27 2023
May 15 2023
Apr 27 23
May 15 23 |
May 15 2023 |
quarterly
quarterly
|
| 2023 |
$0.35
$0.35
|
Jan 30 2023
Jan 30 2023
Feb 15 2023
Jan 30 23
Feb 15 23 |
Feb 15 2023 |
quarterly
quarterly
|
| 2022 |
$0.35
$0.35
|
Oct 28 2022
Oct 28 2022
Nov 15 2022
Oct 28 22
Nov 15 22 |
Nov 15 2022 |
quarterly
quarterly
|
| 2022 |
$0.35
$0.35
|
Jul 28 2022
Jul 28 2022
Aug 15 2022
Jul 28 22
Aug 15 22 |
Aug 15 2022 |
quarterly
quarterly
|
| 2022 |
$0.35
$0.35
|
Apr 28 2022
Apr 28 2022
May 16 2022
Apr 28 22
May 16 22 |
May 16 2022 |
quarterly
quarterly
|
| 2022 |
$0.35
$0.35
|
Jan 28 2022
Jan 28 2022
Feb 15 2022
Jan 28 22
Feb 15 22 |
Feb 15 2022 |
quarterly
quarterly
|
How much dividend does Targa Resources Corp. pay?
Targa Resources Corp. most recently paid a dividend of $0.75. Targa Resources Corp. paid a dividend of $1.85 per share in the financial year 2023. With a share price of $128.78 at Jun 28 2024, the current dividend yield is 1.44% (calculation: $1.85 / $128.78 = 1.44%). No special dividend was paid.
What is the Targa Resources Corp. dividend yield and payout ratio?
The average Targa Resources Corp. dividend yield over the last 5 years is 3.42% and the average over the last 10 years is 4.40%.
The payout ratio of Targa Resources Corp. in relation to the last financial year is 50.55%. The payout ratio smoothed over 3 years is 48.86%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share(EPS).
| Key figure | Targa Resources Corp. |
|---|---|
| Current dividend yield | 1.44% |
| Dividend yield 5 yrs. | 3.42% |
| Dividend yield 10 yrs. | 4.40% |
| Payout 1 yr. | 50.55% |
| Payout 3 yrs. | 48.86% |
Is the Targa Resources Corp. dividend safe? Continuity & dividend growth
Is the Targa Resources Corp. dividend safe?
Targa Resources Corp. has been paying a dividend for 13 years and has not lowered the dividend for 2 years (dividend continuity). As a result, the dividend was recently increased2-times.
The dividend growth in relation to the previous financial year amounts to 32.14%. The average Targa Resources Corp. dividend growth over the last 5 years is -12.66%. The average for the last 10 years is -1.05%.
| Key figure | Targa Resources Corp. |
|---|---|
| Increased | 2 Years |
| Continuity | 2 Years |
| Paid | 13 Years |
| Growth 1 yr. | 32.14% |
| Growth 5 yrs. | -12.66% |
| Growth 10 yrs. | -1.05% |
Continuity
Targa Resources Corp. has been paying a dividend for 13 years and has not lowered the dividend for 2 years (dividend continuity). As a result, the dividend was recently increased2-times.
Dividend growth
The dividend growth in relation to the previous financial year amounts to 32.14%. The average Targa Resources Corp. dividend growth over the last 5 years is -12.66%. The average for the last 10 years is -1.05%.
Targa Resources Corp. Share forecast 2024
On the stock exchange, the Targa Resources Corp. share (ISIN: US87612G1013) is not traded as a top scorer in June 2024 according to the dividend strategy.
The share price of Targa Resources Corp. 48.24% has risen since the beginning of the year 2024. However, the return generated in the past says nothing about the future return. You can find the Targa Resources Corp. share price in real time at the top of the page.
The Targa Resources Corp. share (symbol: TRGP) is valued at a price/earnings ratio (P/E ratio) of 26.44 and a price/sales ratio (P/S ratio) of 1.79 valued. Based on analyst estimates, the Targa Resources Corp. share forecast 2024 of the current financial year corresponds to a valuation of 23.93 according to P/E ratio and 1.45 according to P/S ratioe.
| Key figure | Targa Resources Corp. |
|---|---|
| Dividend score | ??/15 |
| Performance 2024 |
48.24%
|
| P/E ratio TTM | 26.44 |
| P/S ratio TTM | 1.79 |
| P/E ratio expected | 23.93 |
| P/S ratio expected | 1.45 |
The Targa Resources Corp. share (symbol: TRGP) is valued at a price/earnings ratio (P/E ratio) of 26.44 and a price/sales ratio (P/S ratio) of 1.79 valued. Based on analyst estimates, the Targa Resources Corp. share forecast 2024 of the current financial year corresponds to a valuation of 23.93 according to P/E ratio and 1.45 according to P/S ratioe.
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