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TRGP Targa Resources Corp. — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Energy / Oil & Gas Midstream

$312.37 ▲ $6.47(2.12%) as of Oct 30, 2026 06:20 UTC
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Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

Dividend Snapshot

StatusGrowing
Last Dividend$1.2500Pays Nov 17, 2026
Forward Annual$5.00From the $1.2500 dividend declared Oct 13, 2026
FrequencyQuarterly
Last Ex-DateOct 30, 2026The most recent ex-dividend date that has already passed.
1-Yr Growth36.4%Annual totals, 2024–2025
10-Yr Growth1.0%Annual totals, 2015–2025

Research Scores

Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.

Dividend Safety Score

53/100

Mixed indicators

Complete data

Dividend Growth Score

70/100

Strong growth record

Most data available

Dividend Value Score

16/100

Well above own historical valuation

Complete data

DividendRank

47/100

Middle of the scale

Complete data

How the Dividend Safety Score is built for TRGP
InputValuePointsWeight
Earnings payout ratioEarnings payout ratio 41% (TTM to Jun 30, 2026) 99 20%
FCF payout ratioFCF payout ratio 124% (TTM to Jun 30, 2026) 9 25%
Net debt / EBITDANet debt / EBITDA 4.2x (TTM to Jun 30, 2026) 33 15%
Interest coverageInterest coverage 4.7x (TTM to Jun 30, 2026) 64 10%
Dividend record15 years of uninterrupted regular payments; last cut Apr 30, 2020 (-89.0%), within 10 years: capped at 50 50 20%
Earnings stabilityNet income positive in 5 of the last 5 fiscal years (FY2021–FY2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for TRGP
InputValuePointsWeight
5-year dividend growth5-year dividend CAGR 25.4% (2020–2025) 100 25%
Consecutive annual increases4 consecutive annual increases (through 2025) 52 20%
Payout headroomHeadroom from the earnings payout ratio 41% (TTM to Jun 30, 2026) 99 20%
Earnings per share growth (3 years)N/A (not used) N/A 15%
Revenue growth (3 years)Revenue CAGR -7.5% (FY2022–FY2025) 10 10%
10-year dividend growth10-year dividend CAGR 1.0% (2015–2025) 35 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

How the Dividend Value Score is built for TRGP
InputValuePointsWeight
Yield vs own historyCurrent yield at the 16th percentile of its 119 month-end yields 16 40%
P/E vs own 5-year medianP/E 28.8 is 1.27x its 5-year median of 22.7 19 25%
FCF yieldFCF yield 1.1% (TTM to Jun 30, 2026) 14 20%
P/E vs peersP/E 28.8 vs peer median 21.0 (1.37x; 50 corporation / Energy securities) 16 15%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

Key Metrics

Current Yield

1.60%

At the Oct 30, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$5.0000

Declared Oct 13, 2026

The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.

Frequency

Q Quarterly

How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

RSI (14)

67

As of Oct 30, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$151.38 – $302.37

Closes through Oct 23, 2026

The lowest and highest price over the past year, showing where today's price sits in its recent range.

Payout Ratio (TTM)

40.68%

12 months to Jun 30, 2026 (Q2 FY2026)

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

15

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

17.78

Price as of Oct 25, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Below the Solid check (Dividend Safety Score 70+ and yield 2%+): Dividend Safety Score 53/100, yield 1.60%.
A Accelerating
4 consecutive years of dividend increases.
F Flawless
A calendar year's regular dividend total fell more than 20% below the year before.
E Enduring
15 year(s) of payments on record, under the 20 this check looks for.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume1,125,627Oct 23, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$290.30Oct 23, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$289.45 – $303.60Oct 23, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$289.54Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$66.98BAs of Oct 30, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out214.43MImplied by market cap, Oct 30, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$10.5312 months to Jun 30, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)28.7Price as of Oct 25, 2026; earnings to Jun 30, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateOct 30, 2026Pays Nov 17, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateN/ANone declared yetThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)38.9%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)25.4%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded.
Consecutive Increases4 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

Why the Yield Moved (90 Days)

TRGP's dividend yield fell from 1.89% to 1.60% over the past ~90 days (-0.29 pp). Of that move, +0.00 pp came from changes in the dividend rate and -0.29 pp from the share price ($264.60 on Aug 03, 2026 → $312.37 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.

Yield vs Its Own History

Current1.60%
1-Yr Average1.93%
Low / High1.59% – 2.73%
Percentile1%

Across 272 daily observations over the past 13 months (through Oct 23, 2026), TRGP's current yield is higher than approximately 1% of them. Our stored price history for TRGP covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$1.2500 Q Regular Oct 13, 2026 Oct 30, 2026 Oct 30, 2026 Nov 17, 2026
$1.2500 Q Regular Jul 16, 2026 Jul 31, 2026 Jul 31, 2026 Aug 14, 2026
$1.2500 Q Regular Apr 16, 2026 Apr 30, 2026 Apr 30, 2026 May 15, 2026
$1.0000 Q Regular Jan 15, 2026 Jan 30, 2026 Jan 30, 2026 Feb 13, 2026
$1.0000 Q Regular Oct 16, 2025 Oct 31, 2025 Oct 31, 2025 Nov 17, 2025
$1.0000 Q Regular Jul 10, 2025 Jul 31, 2025 Jul 31, 2025 Aug 15, 2025
$1.0000 Q Regular Apr 10, 2025 Apr 30, 2025 Apr 30, 2025 May 15, 2025
$0.7500 Q Regular Jan 16, 2025 Jan 31, 2025 Jan 31, 2025 Feb 14, 2025
$0.7500 Q Regular Oct 10, 2024 Oct 31, 2024 Oct 31, 2024 Nov 15, 2024
$0.7500 Q Regular Jul 11, 2024 Jul 31, 2024 Jul 31, 2024 Aug 15, 2024
$0.7500 Q Regular Apr 11, 2024 Apr 29, 2024 Apr 30, 2024 May 15, 2024
$0.5000 Q Regular Jan 18, 2024 Jan 30, 2024 Jan 31, 2024 Feb 15, 2024
$0.5000 Q Regular Oct 12, 2023 Oct 30, 2023 Oct 31, 2023 Nov 15, 2023
$0.5000 Q Regular Jul 13, 2023 Jul 28, 2023 Jul 31, 2023 Aug 15, 2023
$0.5000 Q Regular Apr 13, 2023 Apr 27, 2023 Apr 28, 2023 May 15, 2023
$0.3500 Q Regular Jan 19, 2023 Jan 30, 2023 Jan 31, 2023 Feb 15, 2023
$0.3500 Q Regular Oct 13, 2022 Oct 28, 2022 Oct 31, 2022 Nov 15, 2022
$0.3500 Q Regular Jul 14, 2022 Jul 28, 2022 Jul 29, 2022 Aug 15, 2022
$0.3500 Q Regular Apr 14, 2022 Apr 28, 2022 Apr 29, 2022 May 16, 2022
$0.3500 Q Regular Jan 20, 2022 Jan 28, 2022 Jan 31, 2022 Feb 15, 2022
$0.1000 Q Regular Oct 14, 2021 Oct 28, 2021 Oct 29, 2021 Nov 15, 2021
$0.1000 Q Regular Jul 15, 2021 Jul 29, 2021 Jul 30, 2021 Aug 16, 2021
$0.1000 Q Regular Apr 15, 2021 Apr 29, 2021 Apr 30, 2021 May 14, 2021
$0.1000 Q Regular Jan 20, 2021 Jan 29, 2021 Feb 01, 2021 Feb 16, 2021
$0.1000 Q Regular Oct 15, 2020 Oct 29, 2020 Oct 30, 2020 Nov 16, 2020
$0.1000 Q Regular Jul 16, 2020 Jul 30, 2020 Jul 31, 2020 Aug 17, 2020
$0.1000 Q Regular Apr 16, 2020 Apr 30, 2020 May 01, 2020 May 15, 2020
$0.9100 Q Regular Jan 16, 2020 Jan 30, 2020 Jan 31, 2020 Feb 18, 2020
$0.9100 Q Regular Oct 16, 2019 Oct 31, 2019 Nov 01, 2019 Nov 15, 2019
$0.9100 Q Regular Jul 17, 2019 Jul 30, 2019 Jul 31, 2019 Aug 15, 2019
$0.9100 Q Regular Apr 17, 2019 Apr 30, 2019 May 01, 2019 May 15, 2019
$0.9100 Q Regular Jan 17, 2019 Jan 30, 2019 Jan 31, 2019 Feb 15, 2019
$0.9100 Q Regular Oct 17, 2018 Oct 30, 2018 Oct 31, 2018 Nov 15, 2018
$0.9100 Q Regular Jul 18, 2018 Jul 31, 2018 Aug 01, 2018 Aug 15, 2018
$0.9100 Q Regular Apr 18, 2018 Apr 30, 2018 May 01, 2018 May 15, 2018
$0.9100 Q Regular Jan 18, 2018 Jan 31, 2018 Feb 01, 2018 Feb 15, 2018
$0.9100 Q Regular Oct 18, 2017 Oct 31, 2017 Nov 01, 2017 Nov 15, 2017
$0.9100 Q Regular Jul 20, 2017 Jul 28, 2017 Aug 01, 2017 Aug 15, 2017
$0.9100 Q Regular Apr 20, 2017 Apr 28, 2017 May 02, 2017 May 16, 2017
$0.9100 Q Regular Jan 20, 2017 Jan 30, 2017 Feb 01, 2017 Feb 15, 2017
$0.9100 Q Regular Oct 20, 2016 Oct 31, 2016 Nov 02, 2016 Nov 15, 2016
$0.9100 Q Regular Jul 20, 2016 Jul 29, 2016 Aug 02, 2016 Aug 15, 2016
$0.9100 Q Regular Apr 22, 2016 Apr 29, 2016 May 03, 2016 May 16, 2016
$0.9100 Q Regular Jan 20, 2016 Jan 29, 2016 Feb 02, 2016 Feb 09, 2016
$0.9100 Q Regular Oct 21, 2015 Oct 29, 2015 Nov 02, 2015 Nov 16, 2015
$0.8750 Q Regular Jul 22, 2015 Jul 30, 2015 Aug 03, 2015 Aug 17, 2015
$0.8300 Q Regular Apr 22, 2015 Apr 30, 2015 May 04, 2015 May 18, 2015
$0.7750 Q Regular Jan 22, 2015 Jan 29, 2015 Feb 02, 2015 Feb 17, 2015
$0.7325 Q Regular Oct 24, 2014 Oct 30, 2014 Nov 03, 2014 Nov 17, 2014
$0.6900 Q Regular Jul 16, 2014 Jul 24, 2014 Jul 28, 2014 Aug 15, 2014
$0.6475 Q Regular Apr 17, 2014 Apr 24, 2014 Apr 28, 2014 May 16, 2014
$0.6075 Q Regular Jan 15, 2014 Jan 23, 2014 Jan 27, 2014 Feb 18, 2014
$0.5700 Q Regular Oct 22, 2013 Oct 29, 2013 Oct 31, 2013 Nov 15, 2013
$0.5325 Q Regular Jul 17, 2013 Jul 25, 2013 Jul 29, 2013 Aug 15, 2013
$0.4950 Q Regular Apr 18, 2013 Apr 25, 2013 Apr 29, 2013 May 16, 2013
$0.4575 Q Regular Jan 17, 2013 Jan 24, 2013 Jan 28, 2013 Feb 15, 2013
$0.4225 Q Regular Oct 15, 2012 Oct 18, 2012 Oct 22, 2012 Nov 15, 2012
$0.3937 Q Regular Jul 13, 2012 Jul 19, 2012 Jul 23, 2012 Aug 15, 2012
$0.3650 Q Regular Apr 13, 2012 Apr 19, 2012 Apr 23, 2012 May 16, 2012
$0.3362 Q Regular Jan 13, 2012 Jan 19, 2012 Jan 23, 2012 Feb 15, 2012
$0.3075 Q Regular Oct 12, 2011 Oct 19, 2011 Oct 21, 2011 Nov 15, 2011
$0.2900 Q Regular Jul 13, 2011 Jul 19, 2011 Jul 21, 2011 Aug 16, 2011
$0.2725 Q Regular Apr 12, 2011 Apr 19, 2011 Apr 21, 2011 May 17, 2011
$0.0616 Q Regular Jan 26, 2011 Feb 01, 2011 Feb 03, 2011 Feb 21, 2011

Peer Comparison

Selected Oil & Gas Midstream dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
HESM Hess Midstream LP 9.90% 10.8% 7 yrs 77
WES Western Midstream Partners, LP 8.12% 18.3% 4 yrs 76
EE Excelerate Energy, Inc. 1.03% N/A 2 yrs 70
EPD Enterprise Products Partners L.P. 5.74% 3.9% 26 yrs 70

Related Guides & Lists

TRGP dividend — frequently asked questions

Does Targa Resources Corp. pay a dividend?

Yes. Targa Resources Corp. (TRGP) currently pays a dividend. The annualized dividend is about $5.00 per share, a yield of approximately 1.60%.

What is Targa Resources Corp.'s dividend yield?

Targa Resources Corp.'s dividend yield is approximately 1.60%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Targa Resources Corp. pay dividends?

Targa Resources Corp. pays dividends quarterly — 4 times per year.

How long has Targa Resources Corp. paid dividends?

Targa Resources Corp. has 15 years of dividend payments on record, and has increased its dividend for 4 consecutive years.

Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.