Targa Resources, Inc. (TRGP) Dividends
Dividend Yield and Dividend History Highlights
- As for free cash flow, TRGP has greater average cash flow over the past 5.5 years than 2.83% US-listed dividend payers.
- TRGP has a compound annual growth rate of its cash flow of 0.53%, higher than about 92.98% stocks in our dividend set.
- If price volatilty is something you're paying attention to when building your dividend portfolio, know that TRGP has less fluctuation in its price than 6.36% of stocks we're observing.
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with TRGP that may be suitable potential portfolio mates: TMO, WPM, CL, MPX and PRGO.
TRGP Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $87.90 | $24.99 | -65.41% |
A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. Regarding Targa Resources Corp, the DDM model generated by StockNews estimates a return of negative 65.41% in comparison to its current price. To help understand and contextualize the model's evaluation of TRGP, investors may wish to consider are:
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Energy sector, Targa Resources Corp's expected return of -65.41% is higher than only 16.19% of its fellow sector mates.
- Compared to all dividend issuing stocks in our set, Targa Resources Corp bears a discount rate, according to our calculations, lower than only 16.19% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- Beta, which compares volatilty of an individual stock to that of the S&P 500, is lower for TRGP than it is for only 20.95% of other equities in the Energy sector that also issue dividends.
- Based on dividend growth rate, Targa Resources Corp has been increasing its dividends at a faster rate than only 15.68% of US-listed dividend-issuing stocks we observed.
TRGP Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-01-30 | Dividend | $0.50 | -- |
| 2023-10-30 | Dividend | $0.50 | -- |
| 2023-07-28 | Dividend | $0.50 | -- |
| 2023-04-27 | Dividend | $0.50 | +42.86% |
| 2023-01-30 | Dividend | $0.35 | -- |
| 2022-10-28 | Dividend | $0.35 | -- |
| 2022-07-28 | Dividend | $0.35 | -- |
| 2022-04-28 | Dividend | $0.35 | -- |
| 2022-01-28 | Dividend | $0.35 | +250.00% |
| 2021-10-28 | Dividend | $0.10 | -- |
| 2021-07-29 | Dividend | $0.10 | -- |
| 2021-04-29 | Dividend | $0.10 | -- |
| 2021-01-29 | Dividend | $0.10 | -- |
| 2020-10-29 | Dividend | $0.10 | -- |
| 2020-07-30 | Dividend | $0.10 | -- |
| 2020-04-30 | Dividend | $0.10 | -89.01% |
| 2020-01-30 | Dividend | $0.91 | -- |
| 2019-10-31 | Dividend | $0.91 | -- |
| 2019-07-30 | Dividend | $0.91 | -- |
| 2019-04-30 | Dividend | $0.91 | -- |
| 2019-01-30 | Dividend | $0.91 | -- |
| 2018-10-30 | Dividend | $0.91 | -- |
| 2018-07-31 | Dividend | $0.91 | -- |
| 2018-04-30 | Dividend | $0.91 | -- |
| 2018-01-31 | Dividend | $0.91 | -- |
| 2017-10-31 | Dividend | $0.91 | -- |
| 2017-07-28 | Dividend | $0.91 | -- |
| 2017-04-28 | Dividend | $0.91 | -- |
| 2017-01-30 | Dividend | $0.91 | -- |
| 2016-10-31 | Dividend | $0.91 | -- |
| 2016-07-29 | Dividend | $0.91 | -- |
| 2016-04-29 | Dividend | $0.91 | -- |
| 2016-01-29 | Dividend | $0.91 | -- |
| 2015-10-29 | Dividend | $0.91 | +4.00% |
| 2015-07-30 | Dividend | $0.88 | +5.42% |
| 2015-04-30 | Dividend | $0.83 | +7.10% |
| 2015-01-29 | Dividend | $0.78 | +5.80% |
| 2014-10-30 | Dividend | $0.73 | +6.16% |
| 2014-07-24 | Dividend | $0.69 | +6.56% |
| 2014-04-24 | Dividend | $0.65 | +6.58% |
| 2014-01-23 | Dividend | $0.61 | +6.58% |
| 2013-10-29 | Dividend | $0.57 | +7.04% |
| 2013-07-25 | Dividend | $0.53 | +7.58% |
| 2013-04-25 | Dividend | $0.50 | +8.20% |
| 2013-01-24 | Dividend | $0.46 | +8.28% |
| 2012-10-18 | Dividend | $0.42 | +7.29% |
| 2012-07-19 | Dividend | $0.39 | +7.89% |
| 2012-04-19 | Dividend | $0.37 | +8.53% |
| 2012-01-19 | Dividend | $0.34 | +9.37% |
| 2011-10-19 | Dividend | $0.31 | +6.03% |
| 2011-07-19 | Dividend | $0.29 | +6.42% |
| 2011-04-19 | Dividend | $0.27 | +342.37% |
| 2011-02-01 | Dividend | $0.06 | -- |
TRGP Dividends vs. Peers
TRGP's dividend yield currently ranks #35 of 80 vs. its peers in the MLPs - Oil & Gas category.
Looking for More Information on TRGP dividends?
Want to do more research on Targa Resources Corp's dividends? Try the links below:Targa Resources Corp Common Stock (TRGP) Dividend History | Nasdaq
Dividend History for Targa Resources Corp (TRGP) - Dividend Investor
Targa Resources Corp (TRGP) Dividend History - Seeking Alpha