Targa Resources (TRGP) Dividend History & Yield
Targa Resources (TRGP) has increased its dividend for 5 consecutive years and currently yields 1.64%. The most recent payment was $1.0000/share on Jan 30, 2026, paid Quarterly.
TRGP
Current Yield
1.64%
TTM Dividend/Share
$4.00
Payment Frequency
Quarterly
Payout Ratio
44.4%
Consecutive Growth Years
5
Div Growth (1Y CAGR)
36.36%
Div Growth (5Y CAGR)
25.39%
Div Growth (10Y CAGR)
1.01%
Dividend Safety Score
2 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 44.4%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($2.72) does not fully cover dividend/share ($4.00).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Jan 30, 2026
- Payment date
- Feb 13, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
- Yield (ex-date)
- 1.99%
Ex-date Oct 31, 2025
- Payment date
- Nov 17, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
- Yield (ex-date)
- 2.43%
Ex-date Jul 31, 2025
- Payment date
- Aug 15, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
- Yield (ex-date)
- 2.10%
Ex-date Apr 30, 2025
- Payment date
- May 15, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
- Yield (ex-date)
- 1.90%
Ex-date Jan 31, 2025
- Payment date
- Feb 14, 2025
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
- Yield (ex-date)
- 1.52%
Ex-date Oct 31, 2024
- Payment date
- Nov 15, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
- Yield (ex-date)
- 1.65%
Ex-date Jul 31, 2024
- Payment date
- Aug 15, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
- Yield (ex-date)
- 1.85%
Ex-date Apr 29, 2024
- Payment date
- May 15, 2024
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
- Yield (ex-date)
- 1.92%
Ex-date Jan 30, 2024
- Payment date
- Feb 15, 2024
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
- Yield (ex-date)
- 2.30%
Ex-date Oct 30, 2023
- Payment date
- Nov 15, 2023
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
- Yield (ex-date)
- 2.21%
Ex-date Jul 28, 2023
- Payment date
- Aug 15, 2023
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
- Yield (ex-date)
- 2.11%
Ex-date Apr 27, 2023
- Payment date
- May 15, 2023
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
- Yield (ex-date)
- 2.09%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Jan 30, 2026 | Feb 13, 2026 | $1.0000 | $1.0000 | 1.99% |
| Oct 31, 2025 | Nov 17, 2025 | $1.0000 | $1.0000 | 2.43% |
| Jul 31, 2025 | Aug 15, 2025 | $1.0000 | $1.0000 | 2.10% |
| Apr 30, 2025 | May 15, 2025 | $1.0000 | $1.0000 | 1.90% |
| Jan 31, 2025 | Feb 14, 2025 | $0.7500 | $0.7500 | 1.52% |
| Oct 31, 2024 | Nov 15, 2024 | $0.7500 | $0.7500 | 1.65% |
| Jul 31, 2024 | Aug 15, 2024 | $0.7500 | $0.7500 | 1.85% |
| Apr 29, 2024 | May 15, 2024 | $0.7500 | $0.7500 | 1.92% |
| Jan 30, 2024 | Feb 15, 2024 | $0.5000 | $0.5000 | 2.30% |
| Oct 30, 2023 | Nov 15, 2023 | $0.5000 | $0.5000 | 2.21% |
| Jul 28, 2023 | Aug 15, 2023 | $0.5000 | $0.5000 | 2.11% |
| Apr 27, 2023 | May 15, 2023 | $0.5000 | $0.5000 | 2.09% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Targa Resources has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 5 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.7500 | — | — |
| 2025 | $2.7500 | $3.7500 | +36.4% |
| 2024 | $1.8500 | $2.7500 | +48.6% |
| 2023 | $1.4000 | $1.8500 | +32.1% |
| 2022 | $0.4000 | $1.4000 | +250.0% |
| 2021 | $1.2100 | $0.4000 | -66.9% |
| 2020 | $3.6400 | $1.2100 | -66.8% |
| 2019 | $3.6400 | $3.6400 | 0.0% |
| 2018 | $3.6400 | $3.6400 | 0.0% |
| 2017 | $3.6400 | $3.6400 | 0.0% |
| 2016 | $3.3900 | $3.6400 | +7.4% |
| 2015 | $2.6775 | $3.3900 | +26.6% |
| 2014 | $2.0545 | $2.6775 | +30.3% |
| 2013 | $1.5175 | $2.0545 | +35.4% |
| 2012 | $0.9316 | $1.5175 | +62.9% |
| 2011 | — | $0.9316 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Targa Resources pay dividends?
- Yes, Targa Resources (TRGP) pays quarterly dividends of approximately $4.00 per share annually, yielding 1.64%.
What is Targa Resources's dividend yield?
- Targa Resources (TRGP) has a current dividend yield of 1.64%.
Is Targa Resources's dividend safe?
- Targa Resources (TRGP) passes 2 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Targa Resources increased its dividend?
- Targa Resources (TRGP) has 5 consecutive years of dividend increases.
What is Targa Resources's dividend payout ratio?
- Targa Resources (TRGP) has a dividend payout ratio of 44.4%.
Explore more
TRGP — Overview
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TRGP — Dividend Calculator
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TRGP — Dividend Forecast
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