Targa Resources, Inc. (TRGP) Dividends

Targa Resources, Inc. (TRGP): $87.90

0.85 (+0.98%)

POWR Rating

Component Grades

Momentum

B

Stability

C

Sentiment

Quality

C

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Industry: MLPs - Oil & Gas

Industry

A

Ranked

#24 of 25

in industry

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 Ex-Dividend Date
TRGP Dividend Yield
2.34%
TRGP Annual Dividend
$2.00
TRGP Payout Ratio

TRGP Price Forecast Based on Dividend Discount Model

Current PriceDDM 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
2024-01-30Dividend$0.50--
2023-10-30Dividend$0.50--
2023-07-28Dividend$0.50--
2023-04-27Dividend$0.50+42.86%
2023-01-30Dividend$0.35--
2022-10-28Dividend$0.35--
2022-07-28Dividend$0.35--
2022-04-28Dividend$0.35--
2022-01-28Dividend$0.35+250.00%
2021-10-28Dividend$0.10--
2021-07-29Dividend$0.10--
2021-04-29Dividend$0.10--
2021-01-29Dividend$0.10--
2020-10-29Dividend$0.10--
2020-07-30Dividend$0.10--
2020-04-30Dividend$0.10-89.01%
2020-01-30Dividend$0.91--
2019-10-31Dividend$0.91--
2019-07-30Dividend$0.91--
2019-04-30Dividend$0.91--
2019-01-30Dividend$0.91--
2018-10-30Dividend$0.91--
2018-07-31Dividend$0.91--
2018-04-30Dividend$0.91--
2018-01-31Dividend$0.91--
2017-10-31Dividend$0.91--
2017-07-28Dividend$0.91--
2017-04-28Dividend$0.91--
2017-01-30Dividend$0.91--
2016-10-31Dividend$0.91--
2016-07-29Dividend$0.91--
2016-04-29Dividend$0.91--
2016-01-29Dividend$0.91--
2015-10-29Dividend$0.91+4.00%
2015-07-30Dividend$0.88+5.42%
2015-04-30Dividend$0.83+7.10%
2015-01-29Dividend$0.78+5.80%
2014-10-30Dividend$0.73+6.16%
2014-07-24Dividend$0.69+6.56%
2014-04-24Dividend$0.65+6.58%
2014-01-23Dividend$0.61+6.58%
2013-10-29Dividend$0.57+7.04%
2013-07-25Dividend$0.53+7.58%
2013-04-25Dividend$0.50+8.20%
2013-01-24Dividend$0.46+8.28%
2012-10-18Dividend$0.42+7.29%
2012-07-19Dividend$0.39+7.89%
2012-04-19Dividend$0.37+8.53%
2012-01-19Dividend$0.34+9.37%
2011-10-19Dividend$0.31+6.03%
2011-07-19Dividend$0.29+6.42%
2011-04-19Dividend$0.27+342.37%
2011-02-01Dividend$0.06--


TRGP Dividends vs. Peers

TRGP's dividend yield currently ranks #35 of 80 vs. its peers in the MLPs - Oil & Gas category.
Rank Symbol Name Dividend Yield
1 CLMT Calumet Specialty Products Partners, L.P. - Common units representing limited partner interests 0.00%
2 CEQP Crestwood Equity Partners LP 0.00%
3 ETP Energy Transfer Partners, L.P. Common Units representing limited partner interests 0.00%
4 TCP TC PipeLines, LP Common Units representing Limited Partner Interests 0.00%
5 DKL Delek Logistics Partners L.P. 0.00%
6 SND Smart Sand, Inc. 0.00%
7 VTTI VTTI Energy Partners LP Common Units representing limited partner interests 0.00%
8 TGE Tallgrass Energy, LP Class A Shares 0.00%
9 TEP Tallgrass Energy Partners, LP Common Units representing limited partner interests 0.00%
10 FGP Ferrellgas Partners, L.P. 0.00%
11 HEP Holly Energy Partners, L.P. 0.00%
12 DCP DCP Midstream, LP Common Units 0.00%
13 SDLP Seadrill Partners LLC Common Limited Liability Company Interests 0.00%
14 WES Western Midstream Partners L.P. 0.00%
15 SEP Spectra Energy Partners, LP Common Units representing Limited Partner Interests 0.00%
16 ANDX Andeavor Logistics LP Common Units representing Limited Partner Interests 0.00%
17 TLP TransMontaigne Partners L.P. Transmontaigne Partners L.P. Common Units representing limited partner interests 0.00%
18 SGU Star Group L.P. 0.00%
19 WGP Western Gas Equity Partners, LP Common Limited Partner Interests 0.00%
20 ALDW Alon USA Partners, LP Common Units representing Limited Partner Interests 0.00%
21 NS Nustar Energy L.P. Common Units 0.00%
22 MMP Magellan Midstream Partners L.P. Limited Partnership 0.00%
23 NSH Nustar GP Holdings, LLC Units 0.00%
24 SHLX Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests 0.00%
25 PTXP PennTex Midstream Partners, LP - Common Limited Partnership Interests 0.00%
26 WNRL Western Refining Logistics, LP Common Units representing limited partner interests 0.00%
27 AM Antero Midstream Corporation 0.00%
28 CNXM CNX Midstream Partners LP Common Units representing limited partner interests 0.00%
29 MPLX MPLX L.P. 0.00%
30 WPT World Point Terminals, LP Common Units representing Limited Partner Interests 0.00%
31 MCEP Mid-Con Energy Partners, LP - Common Units 0.00%
32 PSXP Phillips 66 Partners LP 0.00%
33 WPZ Williams Partners, L.P. Common Limited Partner Interests 0.00%
34 SMLP Summit Midstream Partners, LP Common Limited Partner Interests 0.00%
35 TRGP Targa Resources, Inc. 0.00%
36 EEP Enbridge Energy, L.P. Common Units 0.00%
37 EVEP EV Energy Partners, L.P. - common units representing limited partnership interest 0.00%
38 SNMP Sanchez Midstream Partners LP 0.00%
39 BPL Buckeye Partners L.P. 0.00%
40 BPT BP Prudhoe Bay Royalty Trust 0.00%
41 GPP Green Plains Partners LP 0.00%
42 APLP Archrock Partners, L.P. - Common Units representing Limited Partner Interests 0.00%
43 ARCX Arc Logistic Partners LP Common Units representing limited partner interest 0.00%
44 BSM Black Stone Minerals, L.P 0.00%
45 SRLP Sprague Resources LP Common Units representing Limited Partner Interests 0.00%
46 EMES Emerge Energy Services LP Common Units representing Limited Partner Interests 0.00%
47 GEL Genesis Energy, L.P. Common Units 0.00%
48 CCLP CSI Compressco LP - common units 0.00%
49 BTE Baytex Energy Corp 0.00%
50 OKS ONEOK Partners, L.P. 0.00%
51 ENBL Enable Midstream Partners LP 0.00%
52 ENLC EnLink Midstream LLC 0.00%
53 ENLK EnLink Midstream Partners, LP Common Limited Partnership Interests 0.00%
54 BWP Boardwalk Pipeline Partners LP Common Units 0.00%
55 MMLP Martin Midstream Partners L.P. 0.00%
56 EPD Enterprise Products Partners L.P. 0.00%
57 PAA Plains All American Pipeline L.P. 0.00%
58 PAGP Plains Group Holdings, L.P. Class A Shares representing limited partner interests 0.00%
59 NBLX Noble Midstream Partners LP Common Limited Partner Interests 0.00%
60 CVRR CVR Refining, LP Common Limited Partner Interests 0.00%
61 OMP Oasis Midstream Partners LP 0.00%
62 EQGP EQGP Holdings, LP Common Units representing limited partner interests 0.00%
63 EQM EQM Midstream Partners, LP Common Units representing Limited Partner Interests 0.00%
64 GLP Global Partners LP 0.00%
65 PBFX PBF Logistics LP Common Units representing limited partner interests 0.00%
66 USAC USA Compression Partners L.P. 0.00%
67 CAPL CrossAmerica Partners L.P. 0.00%
68 SUN Sunoco L.P. 0.00%
69 ETE Energy Transfer Equity, L.P. Energy Transfer Equity, L.P. Common Units representing Limited Partnership interests 0.00%
70 RMP Rice Midstream Partners LP Common Units representing limited partner interests 0.00%
71 NDRO Enduro Royalty Trust Trust Units representing beneficial interest in the trust 0.00%
72 DMLP Dorchester Minerals L.P. 0.00%
73 CQH Cheniere Energy Partners LP Holdings, LLC 0.00%
74 CQP Cheniere Energy Partners L.P. 0.00%
75 VNOM Viper Energy Partners LP - Common Unit 0.00%
76 VNR Vanguard Natural Res 0.00%
77 NGL NGL Energy Partners LP 0.00%
78 VLP Valero Energy Partners LP Common Units representing limited partner interests 0.00%
79 LGCY Legacy Reserves Inc. 0.00%
80 BPMP BP Midstream Partners LP Common Units representing Limited Partner Interests 0.00%

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