TRGP vs XOM: Which Is the Better Dividend Stock?
As of Nov 6, 2026, TRGP (Targa Resources Corp.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. XOM offers the higher yield at 2.59%, XOM has the higher dividend-safety score, and TRGP looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: TRGP vs XOM
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, ExxonMobil Holdings Corporation (XOM) has the higher forward dividend yield at 2.59%, versus 1.75% for Targa Resources Corp. (TRGP).
- As of Nov 6, 2026, SmarterDividends grades TRGP's dividend safety C (58/100) and XOM's A (95/100).
- By SmarterDividends' count as of Nov 6, 2026, TRGP has raised its dividend for 4 consecutive years and XOM for 24.
- As of Nov 6, 2026, TRGP pays out 41% of its earnings as dividends and XOM pays out 42%.
- As of Nov 6, 2026, TRGP's fair-value estimate is 27% below its share price and XOM's fair-value estimate is 49% below its share price, so TRGP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "TRGP vs XOM: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/trgp-vs-xom
| Metric | TRGP | XOM |
|---|---|---|
| Forward yield | 1.75% | 2.59% |
| Annual dividend | $5.00 | $4.28 |
| Payout ratio | 41% | 42% |
| Years of growth | 4 yr | 24 yr |
| 5-yr dividend growth | 56.5% | 2.8% |
| 5-yr total return | 510% | 213% |
| Dividend safety score | 58 (C) | 95 (A) |
| Fair value estimate | $198.46 | $83.91 |
| Upside to fair value | -27% | -49% |
| Frequency | quarterly | quarterly |
| Market cap | $58.3B | $674.3B |
| P/E ratio | 24.1 | 17.0 |
Higher yield
XOM
2.59%
Safer dividend
XOM
Grade A
Faster growth
TRGP
56.5%
Better value
TRGP
-27% upside
TRGP vs XOM — FAQ
Is TRGP or XOM a better dividend stock?
On the data, TRGP wins more head-to-head categories (5 vs 3). XOM offers the higher yield (2.59%), while XOM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, TRGP or XOM?
XOM has the higher forward dividend yield at 2.59%, versus 1.75% for TRGP.
Is TRGP or XOM safer?
XOM has the higher dividend-safety score (95/100 vs 58/100), reflecting stronger payout coverage and dividend-growth history.
Is TRGP or XOM better value right now?
As of Nov 6, 2026, TRGP looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For XOM, its fair-value estimate is 49% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.