Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
Targa Resources Dividend Announcement
• Targa Resources announced a quarterly dividend of $0.75 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-10-31
• Targa Resources annual dividend for 2024 was $2.75
• Targa Resources annual dividend for 2023 was $1.85
• Targa Resources's trailing twelve-month (TTM) dividend yield is 1.8%
• Targa Resources's payout ratio for the trailing twelve months (TTM) is 44.67%
• Targa Resources's dividend growth over the last five years (2018-2023) was -12.66% year
• Targa Resources's dividend growth over the last ten years (2013-2023) was -1.05% year
Targa Resources Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-31 | $0.75 | quarterly | 2024-11-15 |
| 2024-07-31 | $0.75 | quarterly | 2024-08-15 |
| 2024-04-29 | $0.75 | quarterly | 2024-05-15 |
| 2024-01-30 | $0.50 | quarterly | 2024-02-15 |
| 2023-10-30 | $0.50 | quarterly | 2023-11-15 |
| 2023-07-28 | $0.50 | quarterly | 2023-08-15 |
| 2023-04-27 | $0.50 | quarterly | 2023-05-15 |
| 2023-01-30 | $0.35 | quarterly | 2023-02-15 |
| 2022-10-28 | $0.35 | quarterly | 2022-11-15 |
| 2022-07-28 | $0.35 | quarterly | 2022-08-15 |
| 2022-04-28 | $0.35 | quarterly | 2022-05-16 |
| 2022-01-28 | $0.35 | quarterly | 2022-02-15 |
| 2021-10-28 | $0.10 | quarterly | 2021-11-15 |
| 2021-07-29 | $0.10 | quarterly | 2021-08-16 |
| 2021-04-29 | $0.10 | quarterly | 2021-05-14 |
| 2021-01-29 | $0.10 | quarterly | 2021-02-16 |
| 2020-10-29 | $0.10 | quarterly | 2020-11-16 |
| 2020-07-30 | $0.10 | quarterly | 2020-08-17 |
| 2020-04-30 | $0.10 | quarterly | 2020-05-18 |
| 2020-01-30 | $0.91 | quarterly | 2020-02-18 |
| 2019-10-31 | $0.91 | quarterly | 2019-11-15 |
| 2019-07-30 | $0.91 | quarterly | 2019-08-15 |
| 2019-04-30 | $0.91 | quarterly | 2019-05-15 |
| 2019-01-30 | $0.91 | quarterly | 2019-02-15 |
| 2018-10-30 | $0.91 | quarterly | 2018-11-15 |
| 2018-07-31 | $0.91 | quarterly | 2018-08-15 |
| 2018-04-30 | $0.91 | quarterly | 2018-05-15 |
| 2018-01-31 | $0.91 | quarterly | 2018-02-15 |
| 2017-10-31 | $0.91 | quarterly | 2017-11-15 |
| 2017-07-28 | $0.91 | quarterly | 2017-08-15 |
| 2017-04-28 | $0.91 | quarterly | 2017-05-16 |
| 2017-01-30 | $0.91 | quarterly | 2017-02-15 |
| 2016-10-31 | $0.91 | quarterly | 2016-11-15 |
| 2016-07-29 | $0.91 | quarterly | 2016-08-15 |
| 2016-04-29 | $0.91 | quarterly | 2016-05-16 |
| 2016-01-29 | $0.91 | quarterly | 2016-02-09 |
| 2015-10-29 | $0.91 | quarterly | 2015-11-16 |
| 2015-07-30 | $0.88 | quarterly | 2015-08-17 |
| 2015-04-30 | $0.83 | quarterly | 2015-05-18 |
| 2015-01-29 | $0.78 | quarterly | 2015-02-17 |
| 2014-10-30 | $0.73 | quarterly | 2014-11-17 |
| 2014-07-24 | $0.69 | quarterly | 2014-08-15 |
| 2014-04-24 | $0.65 | quarterly | 2014-05-16 |
| 2014-01-23 | $0.61 | quarterly | 2014-02-18 |
| 2013-10-29 | $0.57 | quarterly | 2013-11-15 |
| 2013-07-25 | $0.53 | quarterly | 2013-08-15 |
| 2013-04-25 | $0.49 | quarterly | 2013-05-16 |
| 2013-01-24 | $0.46 | quarterly | 2013-02-15 |
Targa Resources Dividend per year
Targa Resources Dividend growth
Targa Resources Dividend Yield
Targa Resources current trailing twelve-month (TTM) dividend yield is 1.8%. Interested in purchasing Targa Resources stock? Use our calculator to estimate your expected dividend yield:
Targa Resources Financial Ratios
P/E ratio33.87
PEG ratio-3.95
P/B ratio16.59
ROE48.10%
Payout ratio44.67%
Current ratio0.77
Quick ratio0.61
Cash Ratio0.05
Targa Resources Dividend FAQ
How much is the next Targa Resources dividend?
Targa Resources's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Targa Resources dividend. The next Targa Resources dividend will be released in January, April, July, or October.
When is Targa Resources dividend paid?
Targa Resources pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Targa Resources pay?
The specific amount of Targa Resources dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Targa Resources's dividend history.
Does Targa Resources stock pay dividends?
Yes, Targa Resources does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Targa Resources's dividend history.
How much dividend does Targa Resources pay?
Targa Resources paid $2.75 in 2024, $1.85 in 2023, $1.4 in 2022, $0.4 in 2021, and $1.21 in 2020.
How often does Targa Resources pay dividends?
Targa Resources typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Targa Resources's dividend yield?
The current dividend yield for Targa Resources is 1.8%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Targa Resources's exact dividend yield.
When does Targa Resources go ex dividend?
Targa Resources's ex-dividend date for the latest dividend was on 2024-10-31. Targa Resources typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Targa Resources dividend paid?
Targa Resources pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Targa Resources increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Targa Resources will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Targa Resources dividend per share?
Targa Resources paid $2.75 per share in 2024 and $1.85 per share in 2023. The amount of dividend per share that Targa Resources pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Targa Resources a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Targa Resources a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Targa Resources a dividend stock?
Yes, Targa Resources is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Targa Resources a good dividend stock?
Whether Targa Resources is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Targa Resources has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Targa Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Targa Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Targa Resources pay dividends monthly?
Targa Resources typically pays dividends on a quarterly basis.
Does Targa Resources pay dividends quarterly?
Targa Resources currently pays dividends on a quarterly basis.
Has Targa Resources ever paid a dividend?
Yes, Targa Resources has a history of paying dividends to its shareholders. Targa Resources is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Targa Resources dividend stocks?
To buy Targa Resources you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Targa Resources stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Targa Resources stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Targa Resources pay dividends 2024?
Targa Resources pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Targa Resources increase its dividend in 2024?
Decisions regarding Targa Resources dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Targa Resources dividend overview you can look into the above table of dividend history.
How Targa Resources dividend works?
The Targa Resources dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Targa Resources's dividend process works:
1. Determination of Dividend: Targa Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Targa Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Targa Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Targa Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Targa Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Targa Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Targa Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Targa Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Targa Resources dividends paid?
Targa Resources dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Targa Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Targa Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Targa Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Targa Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Targa Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Targa Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Targa Resources pay dividends?
Targa Resources typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Targa Resources pay dividends?
The general pattern is that Targa Resources pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Targa Resources dividend safe?
The safety of Targa Resources's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Targa Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Targa Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Targa Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Targa Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.