Targa Resources Corp.
TRGPEnergy · Stock · quarterly payer
Forward Yield
1.77%
Annual Dividend
$5.00
Payout Ratio
41%
5-Yr Growth
56.5%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of July 2026, Targa Resources Corp. (TRGP) yields 1.77% ($5.00 per share annually), with a blended fair-value estimate of $235.91 — -17% downside, so it screens as overvalued. Dividend safety grade: C (56/100). 4 years of dividend growth.
Is TRGP a good dividend stock?
MixedTarga Resources Corp. (TRGP) pays a quarterly dividend yielding 1.77% ($5.00/yr), with 4 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (41%)
- Strong 56.5% 5-yr dividend growth
- 544% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 1.77%
- Payout Ratio
- 41%
- Annual Dividend
- $5.00
- 5-Yr Avg Growth
- 56.5%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.70
- Market Cap
- $60.6B
- P/E Ratio
- 28.9
- 5-Yr Total Return
- 544%
- 52-Week Range
- $144.14 – $285.56
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
TRGP Price — Last 12 Months
Daily close
Price Return
1 Year
+69%
3 Years
+228%
5 Years
+544%
52-Week Range
$144.14 – $285.56
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TRGP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Targa Resources Corp. is $235.91 per share, versus a market price of $282.91. That implies 17% of downside.
Fair Value
$235.91
Current Price
$282.91
Downside
-17%
Margin of Safety
-20%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 17.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.8% discount rate (CAPM), 17.3% stage-1 growth, 2.5% terminal growth, $9.79 EPS, $5.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TRGP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 30, 2026 | — | $1.2500 | regular |
| Jan 30, 2026 | — | $1.0000 | regular |
| Oct 31, 2025 | — | $1.0000 | regular |
| Jul 31, 2025 | — | $1.0000 | regular |
| Apr 30, 2025 | — | $1.0000 | regular |
| Jan 31, 2025 | — | $0.7500 | regular |
| Oct 31, 2024 | — | $0.7500 | regular |
| Jul 31, 2024 | — | $0.7500 | regular |
| Apr 29, 2024 | — | $0.7500 | regular |
| Jan 30, 2024 | — | $0.5000 | regular |
| Oct 30, 2023 | — | $0.5000 | regular |
| Jul 28, 2023 | — | $0.5000 | regular |
| Apr 27, 2023 | — | $0.5000 | regular |
| Jan 30, 2023 | — | $0.3500 | regular |
Income Calculator
At $5.00 / yr per share
