SmarterDividends
PAGP

Plains GP Holdings, L.P.

PAGP

Energy · Oil & Gas Midstream · Stock · quarterly payer

$27.45

Fairly valued · +14% Add to Portfolio

Forward Yield

6.08%

Annual Dividend

$1.67

Payout Ratio

363%

5-Yr Growth

16.1%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about PAGP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Plains GP Holdings, L.P. (PAGP) has a forward dividend yield of 6.08%, based on an annual dividend of $1.67 per share and a share price of $27.45.
  • As of Oct 18, 2026, PAGP's dividend safety grade from SmarterDividends is C (62 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Plains GP Holdings, L.P. (PAGP) has raised its dividend for 4 consecutive years as of Oct 18, 2026.
  • PAGP last cut its regular dividend in 2020.
  • PAGP's next ex-dividend date is Oct 30, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, PAGP pays out 363% of its trailing 12-month earnings as dividends (its payout ratio).
  • PAGP's dividend has grown at an average rate of 16.1% a year over the past five years.
  • As of Oct 18, 2026, PAGP's 6.08% yield is 16% below its five-year average yield of 7.27%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PAGP is $31.36 per share, 14% above the $27.45 share price, so PAGP screens as fairly valued.
  • Plains GP Holdings, L.P. (PAGP) pays its dividend quarterly, 4 times a year.
  • Plains GP Holdings, L.P. (PAGP) has raised its regular dividend 13 times and cut it 3 times across the 51 payments on record since 2014. Its most recent change was a 10.0% increase to $0.418 per share, going ex-dividend on Jan 30, 2026. The last cut went ex-dividend on Apr 30, 2020.
Cite this page

SmarterDividends, "PAGP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PAGP

Summary

As of Oct 18, 2026, Plains GP Holdings, L.P. (PAGP) yields 6.08% ($1.67 a year per share), has a dividend safety grade of C (62/100) and has 4 consecutive years of dividend increases on record.

Is PAGP a good dividend stock?

Yes, with caveats

Plains GP Holdings, L.P. (PAGP) pays a quarterly dividend yielding 6.08% ($1.67/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Strong 16.1% 5-yr dividend growth
  • 175% total price return over 5 years

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (363%)

Key Data

Dividend Yield
6.08%
Payout Ratio
363%
Annual Dividend
$1.67
5-Yr Avg Growth
16.1%
Ex-Dividend Date
Oct 30, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.52
Market Cap
$6.4B
P/E Ratio
62.4
5-Yr Total Return
175%
52-Week Range
$16.89 – $28.70
Dividend Safety
C · 62/100
Ever Cut?
Yes (2020)

PAGP dividend raises and cuts

Plains GP Holdings, L.P. (PAGP) has raised its regular dividend 13 times and cut it 3 times across the 51 payments on record since 2014. Its most recent change was a 10.0% increase to $0.418 per share, going ex-dividend on Jan 30, 2026. The last cut went ex-dividend on Apr 30, 2020.

Ex-dateChangeOld → newMove
Jan 30, 2026Raise$0.380 → $0.418+10.0%
Jan 31, 2025Raise$0.318 → $0.380+19.5%
Jan 30, 2024Raise$0.268 → $0.318+18.7%
Jan 30, 2023Raise$0.218 → $0.268+22.9%
Apr 28, 2022Raise$0.180 → $0.218+21.1%
Apr 30, 2020Cut$0.360 → $0.180−50.0%
Apr 30, 2019Raise$0.300 → $0.360+20.0%
Oct 30, 2017Cut$0.550 → $0.300−45.5%
Oct 27, 2016Cut$0.616 → $0.552−10.4%
Oct 28, 2015Raise$0.605 → $0.616+1.8%
Jul 29, 2015Raise$0.592 → $0.605+2.3%
Apr 29, 2015Raise$0.541 → $0.592+9.4%
Show all 16 changes since 2014
Ex-dateChangeOld → newMove
Jan 28, 2015Raise$0.509 → $0.541+6.3%
Oct 29, 2014Raise$0.488 → $0.509+4.4%
Jul 30, 2014Raise$0.456 → $0.488+7.0%
Apr 30, 2014Raise$0.333 → $0.456+36.8%
Every PAGP payment →Download every raise and cut (CSV)
PAGP ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →PAGP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PAGP a good dividend stock?

Yes, with caveats. Plains GP Holdings, L.P. (PAGP) pays a quarterly dividend yielding 6.08% ($1.67/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is PAGP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PAGP's fair value is about $31.36 versus a $27.45 share price — so it looks fairly valued (+14% vs. fair value).

Is PAGP's dividend safe?

PAGP has a dividend-safety grade of C (62/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is PAGP's fair value?

Our blended fair-value estimate for PAGP is about $31.36 per share, roughly 14% above the current $27.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PAGP a buy, hold, or sell?

We don't issue formal ratings, but on the data PAGP screens as "yes, with caveats" and fairly valued. Plains GP Holdings, L.P. (PAGP) pays a quarterly dividend yielding 6.08% ($1.67/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will PAGP cut its dividend?

PAGP earns a dividend-safety grade of C (62/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PAGP pay a dividend?

Yes. Plains GP Holdings, L.P. pays a quarterly dividend of about $1.67 per share annually, a forward yield of roughly 6.08%.

What is PAGP's dividend yield?

As of Oct 18, 2026, PAGP's forward dividend yield is 6.08%, based on a $1.67 annual dividend and a $27.45 share price.

What is PAGP's dividend per share?

As of Oct 18, 2026, PAGP pays $1.67 per share per year, distributed on a quarterly basis.

What is PAGP's dividend payout ratio?

As of Oct 18, 2026, PAGP's payout ratio is 363% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PAGP grown its dividend?

As of Oct 18, 2026, PAGP has increased its dividend for 4 consecutive years.

When is the next PAGP ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for PAGP is Oct 30, 2026.

Income Calculator

At $1.67 / yr per share

Per payment (quarterly)$41.75
Annual$167.00
Monthly avg$13.92

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