SmarterDividends
TRGP

Targa Resources (TRGP) Dividend

Targa Resources Corp. · Energy · Oil & Gas Midstream · quarterly payer

$280.90

Overvalued · -29% Add to Portfolio

As of Nov 5, 2026, Targa Resources (TRGP) pays a quarterly dividend of $1.25 per share, or $5.00 a year, a 1.75% yield at its $280.90 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

1.75%

Annual Dividend

$5.00

Payout Ratio

41%

5-Yr Growth

56.5%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about TRGP's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Targa Resources Corp. (TRGP) has a forward dividend yield of 1.75%, based on an annual dividend of $5.00 per share and a share price of $280.90.
  • As of Nov 5, 2026, TRGP's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Targa Resources Corp. (TRGP) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • TRGP last cut its regular dividend in 2020.
  • TRGP's most recent ex-dividend date was Oct 30, 2026, for a dividend of $1.25 per share.
  • As of Nov 5, 2026, TRGP pays out 41% of its trailing 12-month earnings as dividends (its payout ratio).
  • TRGP's dividend has grown at an average rate of 56.5% a year over the past five years.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TRGP is $198.46 per share, 29% below the $280.90 share price, so TRGP screens as overvalued.
  • Targa Resources Corp. (TRGP) pays its dividend quarterly, 4 times a year.
  • Targa Resources Corp. (TRGP) has raised its regular dividend 24 times and cut it 1 time across the 64 payments on record since 2011. Its most recent change was a 25.0% increase to $1.25 per share, going ex-dividend on Apr 30, 2026. The last cut went ex-dividend on Apr 30, 2020.
  • Targa Resources (TRGP) has declared its first higher dividend of the year in April in 3 of the last 5 years; its most recent raise, 25.0%, was declared on Apr 16, 2026.
Cite this page

SmarterDividends, "TRGP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TRGP

Is TRGP a good dividend stock?

Yes, with caveats

Targa Resources Corp. (TRGP) pays a quarterly dividend yielding 1.75% ($5.00/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

  • Comfortable payout ratio (41%)
  • Strong 56.5% 5-yr dividend growth
  • 510% total price return over 5 years

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
1.75%
Payout Ratio
41%
Annual Dividend
$5.00
5-Yr Avg Growth
56.5%
Ex-Dividend Date
Oct 30, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.74
Market Cap
$60.2B
P/E Ratio
26.9
5-Yr Total Return
510%
52-Week Range
$151.78 – $316.60
Dividend Safety
C · 58/100
Ever Cut?
Yes (2020)

TRGP dividend raises and cuts

Targa Resources Corp. (TRGP) has raised its regular dividend 24 times and cut it 1 time across the 64 payments on record since 2011. Its most recent change was a 25.0% increase to $1.25 per share, going ex-dividend on Apr 30, 2026. The last cut went ex-dividend on Apr 30, 2020.

Ex-dateChangeOld → newMove
Apr 30, 2026Raise$1.00 → $1.25+25.0%
Apr 30, 2025Raise$0.750 → $1.00+33.3%
Apr 29, 2024Raise$0.500 → $0.750+50.0%
Apr 27, 2023Raise$0.350 → $0.500+42.9%
Jan 28, 2022Raise$0.100 → $0.350+250.0%
Apr 30, 2020Cut$0.910 → $0.100−89.0%
Oct 29, 2015Raise$0.875 → $0.910+4.0%
Jul 30, 2015Raise$0.830 → $0.875+5.4%
Apr 30, 2015Raise$0.775 → $0.830+7.1%
Jan 29, 2015Raise$0.733 → $0.775+5.7%
Oct 30, 2014Raise$0.690 → $0.733+6.2%
Jul 24, 2014Raise$0.648 → $0.690+6.5%
Show all 25 changes since 2011
Ex-dateChangeOld → newMove
Apr 24, 2014Raise$0.608 → $0.648+6.6%
Jan 23, 2014Raise$0.570 → $0.608+6.7%
Oct 29, 2013Raise$0.532 → $0.570+7.1%
Jul 25, 2013Raise$0.495 → $0.532+7.5%
Apr 25, 2013Raise$0.458 → $0.495+8.1%
Jan 24, 2013Raise$0.423 → $0.458+8.3%
Oct 18, 2012Raise$0.394 → $0.423+7.4%
Jul 19, 2012Raise$0.365 → $0.394+7.9%
Apr 19, 2012Raise$0.336 → $0.365+8.6%
Jan 19, 2012Raise$0.308 → $0.336+9.1%
Oct 19, 2011Raise$0.290 → $0.308+6.2%
Jul 19, 2011Raise$0.273 → $0.290+6.2%
Apr 19, 2011Raise$0.0620 → $0.273+340.3%
Every TRGP payment →Download every raise and cut (CSV)
TRGP ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →TRGP dividend historyEvery payment, totals by year, raises and cutsView →TRGP dividend calculator100 shares pay $500.00 a year, $125.00 each quarterCalculate →TRGP total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is TRGP a good dividend stock?

Yes, with caveats. Targa Resources Corp. (TRGP) pays a quarterly dividend yielding 1.75% ($5.00/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 TRGP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TRGP's fair value is about $198.46 versus a $280.90 share price — so it looks overvalued (-29% vs. fair value).

Is TRGP's dividend safe?

TRGP has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is TRGP's fair value?

Our blended fair-value estimate for TRGP is about $198.46 per share, about 29% below the current $280.90 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TRGP a buy, hold, or sell?

We don't issue formal ratings, but on the data TRGP screens as "yes, with caveats" and overvalued. Targa Resources Corp. (TRGP) pays a quarterly dividend yielding 1.75% ($5.00/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 TRGP cut its dividend?

TRGP earns a dividend-safety grade of C (58/100), 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 TRGP pay a dividend?

Yes. Targa Resources Corp. pays a quarterly dividend of about $5.00 per share annually, a forward yield of roughly 1.75%.

How much dividend does 100 shares of TRGP pay?

At $5.00 per share a year, 100 shares of TRGP pay $500.00 a year in dividends before tax, about $125.00 each quarter. Buying them costs about $28,090 at the Nov 5, 2026 price.

What is TRGP's dividend yield?

As of Nov 5, 2026, TRGP's forward dividend yield is 1.75%, based on a $5.00 annual dividend and a $280.90 share price.

What is TRGP's dividend per share?

As of Nov 5, 2026, TRGP pays $5.00 per share per year, distributed on a quarterly basis.

What is TRGP's dividend payout ratio?

As of Nov 5, 2026, TRGP's payout ratio is 41% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TRGP grown its dividend?

As of Nov 5, 2026, TRGP has increased its dividend for 4 consecutive years.

When is the next TRGP ex-dividend date?

As of Nov 5, 2026, TRGP's next ex-dividend date hasn't been announced. The most recent was Oct 30, 2026, for $1.25 per share.

Income Calculator

At $5.00 / yr per share

Per payment (quarterly)$125.00
Annual$500.00
Monthly avg$41.67
Full TRGP dividend calculator →

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