Overview Dividends

TRGP Dividend History & Analysis | 2.1% Yield

TRGP has a dividend yield of 2.1% and paid 3.75 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.12%
Payout Ratio 48.5%
Growth Rate CAGR 5y 74.98%
Consistency Lifetime 90.5%
Yield on Cost 5y 14.18%
Payout FCF 119.4%
Streak Years 15
Dividend Rating 78.04%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -5.9%
Total Return 5y: 568.5%

Top Dividend Payers in Oil & Gas Storage & Transportation

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
TK 855 M 10.3% 75.8%
BWLP 1,984 M 9.66% 46.3%
TRMD 2,005 M 8.84% 47.5%
LPG 1,060 M 8.79% 37.0%
WES 16,144 M 8.93% 35.3%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate (CAGR) Payout Consistency
TEN 723 M 82.1% 82.8%
EE 3,232 M 77.6% 100%
FRO 4,858 M 83.7% 44.3%
NAT 728 M 56.5% 80.3%
DHT 1,963 M 54.5% 68.7%

Quality Dividend Peers in Oil & Gas Storage & Transportation

ET
Energy Transfer
 7.79% Yield
WES
Western Midstream
 8.93% Yield
HESM
Hess Midstream Partners
 8.64% Yield
EPD
Enterprise Products
 6.78% Yield
DKL
Delek Logistics Partners
 9.52% Yield
VPK
Koninklijke Vopak
 4.10% Yield

TRGP Dividend History: Last 50 Payments (USD) as of January 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-10-31 2025-10-31 2025-11-17 Quarterly 1 0% 0.66%
2025-07-31 2025-07-31 2025-08-15 Quarterly 1 0% 0.6%
2025-04-30 2025-04-30 2025-05-15 Quarterly 1 33.3% 0.58%
2025-01-31 2025-01-31 2025-02-14 Quarterly 0.75 0% 0.36%
2024-10-31 2024-10-31 2024-11-15 Quarterly 0.75 0% 0.45%
2024-07-31 2024-07-31 2024-08-15 Quarterly 0.75 0% 0.56%
2024-04-29 2024-04-30 2024-05-15 Quarterly 0.75 50% 0.64%
2024-01-30 2024-01-31 2024-02-15 Quarterly 0.5 0% 0.59%
2023-10-30 2023-10-31 2023-11-15 Quarterly 0.5 0% 0.59%
2023-07-28 2023-07-31 2023-08-15 Quarterly 0.5 0% 0.62%
2023-04-27 2023-04-28 2023-05-15 Quarterly 0.5 42.9% 0.68%
2023-01-30 2023-01-31 2023-02-15 Quarterly 0.35 0% 0.47%
2022-10-28 2022-10-31 2022-11-15 Quarterly 0.35 0% 0.51%
2022-07-28 2022-07-29 2022-08-15 Quarterly 0.35 0% 0.52%
2022-04-28 2022-04-29 2022-05-16 Quarterly 0.35 0% 0.47%
2022-01-28 2022-01-31 2022-02-15 Quarterly 0.35 250% 0.61%
2021-10-28 2021-10-29 2021-11-15 Quarterly 0.1 0% 0.18%
2021-07-29 2021-07-30 2021-08-16 Quarterly 0.1 0% 0.23%
2021-04-29 2021-04-30 2021-05-14 Quarterly 0.1 0% 0.29%
2021-01-29 2021-02-01 2021-02-16 Quarterly 0.1 0% 0.36%
2020-10-29 2020-10-30 2020-11-16 Quarterly 0.1 0% N/A
2020-07-30 2020-07-31 2020-08-17 Quarterly 0.1 0% N/A
2020-04-30 2020-05-01 2020-05-15 Quarterly 0.1 -89% N/A
2020-01-30 2020-01-31 2020-02-18 Quarterly 0.91 0% N/A
2019-10-31 2019-11-01 2019-11-15 Quarterly 0.91 0% N/A
2019-07-30 2019-07-31 2019-08-15 Quarterly 0.91 0% N/A
2019-04-30 2019-05-01 2019-05-15 Quarterly 0.91 0% N/A
2019-01-30 2019-01-31 2019-02-15 Quarterly 0.91 0% N/A
2018-10-30 2018-10-31 2018-11-15 Quarterly 0.91 0% N/A
2018-07-31 2018-08-01 2018-08-15 Quarterly 0.91 0% N/A
2018-04-30 2018-05-01 2018-05-15 Quarterly 0.91 0% N/A
2018-01-31 2018-02-01 2018-02-15 Quarterly 0.91 0% N/A
2017-10-31 2017-11-01 2017-11-15 Quarterly 0.91 0% N/A
2017-07-28 2017-08-01 2017-08-15 Quarterly 0.91 0% N/A
2017-04-28 2017-05-02 2017-05-16 Quarterly 0.91 0% N/A
2017-01-30 2017-02-01 2017-02-15 Quarterly 0.91 0% N/A
2016-10-31 2016-11-02 2016-11-15 Quarterly 0.91 0% N/A
2016-07-29 2016-08-02 2016-08-15 Quarterly 0.91 0% N/A
2016-04-29 2016-05-03 2016-05-16 Quarterly 0.91 0% N/A
2016-01-29 2016-02-02 2016-02-09 Quarterly 0.91 0% N/A
2015-10-29 2015-11-02 2015-11-16 Quarterly 0.91 4% N/A
2015-07-30 2015-08-03 2015-08-17 Quarterly 0.875 5.4% N/A
2015-04-30 2015-05-04 2015-05-18 Quarterly 0.83 7.1% N/A
2015-01-29 2015-02-02 2015-02-17 Quarterly 0.775 5.8% N/A
2014-10-30 2014-11-03 2014-11-17 Quarterly 0.7325 6.2% N/A
2014-07-24 2014-07-28 2014-08-15 Quarterly 0.69 6.6% N/A
2014-04-24 2014-04-28 2014-05-16 Quarterly 0.6475 6.6% N/A
2014-01-23 2014-01-27 2014-02-18 Quarterly 0.6075 6.6% N/A
2013-10-29 2013-10-31 2013-11-15 Quarterly 0.57 7% N/A
2013-07-25 2013-07-29 2013-08-15 Quarterly 0.5325 0% N/A

TRGP Dividend FAQ

Targa Resources Corp. (NYSE: TRGP) and its subsidiary, Targa Resources Partners LP, own and operate a diversified set of midstream infrastructure assets across North America, organized into two primary segments: Gathering & Processing and Logistics & Transportation.

What is the Dividend Yield of TRGP?

As of January 2026, TRGP`s dividend yield is 2.12%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 3.75 USD by the current share price of 176.76.

Does TRGP pay a dividend?

As of January 2026, TRGP paid a dividend of 3.75 USD in the last 12 months. The last dividend was paid on 2025-10-31 and the payout was 1 USD.

How often does TRGP pay dividends?

TRGP pays dividends quarterly. Over the last 12 months, TRGP has issued 4 dividend payments. The last dividend payment was made on 2025-10-31.

TRGP dividend forecast

Based on historical data, the forecasted dividends per share for TRGP for the next 4 payments are between 0.644 (-35.6%) and 0.676 (-32.4%).
This represents a significant dividend cut compared to the last payment.

Will TRGP pay dividends in 2026?

The latest dividend paid per share was 1 USD with an Ex-Dividend Date of 2025-10-31. The next Ex-Dividend date for Targa Resources (TRGP) is currently unknown.

What is the next Ex-Dividend Date for TRGP?

The next Ex-Dividend date for Targa Resources (TRGP) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of TRGP?

TRGP's average dividend growth rate over the past 5 years is 75.0% per year.
Strong growth: TRGP's Dividend growth is outpacing inflation.

What is the Yield on Cost of TRGP?

TRGP's 5-Year Yield on Cost is 14.2%. If you bought TRGP's shares at 26.44 USD five years ago, your current annual dividend income (3.75 USD per share, trailing 12 months) equals 14.2% of your original purchase price.

What is the Payout Consistency of TRGP?

TRGP Payout Consistency is 90.5%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: Targa Resources has a strong track record of consistent dividend payments over its lifetime.

Does TRGP have a good Dividend Yield?

TRGP`s 2.12% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of TRGP?

The Dividend Payout Ratio of TRGP is 48.5%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of TRGP?

TRGP`s Overall Dividend Rating is 78.04%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

TRGP Outstanding Shares Analysis

What is the Trend in TRGP's Outstanding Shares?

Targa Resources's outstanding shares have decreased by approximately 1.5% annually over the past 3 years (Trend Reliability: -100.0%).

Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has TRGP ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
2009 42,300,000
2010 41,300,000 -2.36%
2011 41,800,000 +1.21%
2012 41,900,000 +0.24%
2013 42,100,000 +0.48%
2014 42,100,000
2015 56,000,000 +33.02%
2016 184,720,500 +229.86%
2017 218,700,000 +18.4%
2018 232,200,000 +6.17%
2019 233,000,000 +0.34%
2020 274,700,000 +17.9%
2021 276,400,000 +0.62%
2022 230,200,000 -16.71%
2023 222,611,300 -3.3%
2024 221,300,000 -0.59%
2025 216,000,000 -2.39%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2025-12-29 02:17