What is TRGP's current dividend yield?

Targa Resources Corp. (TRGP) has a dividend yield of 1.64%, paying $4.25 per share annually.

How often does TRGP pay dividends?

Targa Resources Corp. typically pays dividends on a quarterly basis. The annual dividend totals $4.25 per share.

When is TRGP's next ex-dividend date?

The most recent ex-dividend date for Targa Resources Corp. was April 30, 2026. Ex-dividend dates are typically announced a few weeks before the payment date.

What is TRGP's dividend growth rate?

Targa Resources Corp. has a 5-year dividend compound annual growth rate (CAGR) of 60.4%. The 10-year CAGR is 1.7%.

What is TRGP's payout ratio?

Targa Resources Corp. has a payout ratio of 41%, meaning it distributes 41% of its earnings as dividends. This leaves significant room for dividend growth.

Targa Resources Corp. (TRGP) Dividend Analysis

Comprehensive dividend yield, safety, growth, and income analysis for TRGP.

Targa Resources Corp. (TRGP) pays a modest 1.64% dividend yield, or $4.25 per share annually at a stock price of $299.11. The payout ratio of 41% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.3x. Dividend growth is slowing — the 3-year CAGR of 40.0% trails the 5-year rate of 60.4% and the 10-year rate of 1.7%. The most recent ex-dividend date was April 30, 2026.

Dividend Overview

Targa Resources Corp. (TRGP) pays a modest 1.64% dividend yield, or $4.25 per share annually at a stock price of $299.11.

Dividend Yield

1.64%

Annual Dividend

$4.25

Share Price

$299.11

Ex-Dividend Date

Apr 30, 2026

Consecutive Years

0 yrs

Sector

Energy

Dividend Safety

Safe

The payout ratio of 41% is well within sustainable levels, leaving room for future increases.

Payout Ratio41%

0%60%80%100%

DRIP Projection

$10,000 invested in TRGP with dividends reinvested would grow to approximately $103,685 after 10 years, generating roughly $191,913/year in dividend income. This projection assumes the current 1.64% yield and a 60.4% annual dividend growth rate with all dividends reinvested.

Year	Portfolio Value	Annual Income	Total Return
Year 1	$10,164	$267	+2%
Year 5	$12,868	$2,242	+29%
Year 10	$103,685	$191,913	+937%
Year 15	$774,708,392	$15,234,217,156	+7746984%
Year 20	$289,978,338,923,183,170	$60,581,496,777,785,000,000	+2899783389231732%

Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.