Targa Resources Corp. (TRGP) Dividend Payout Ratio: 43.29%
Is Targa Resources Corp.’s dividend payout ratio high or low?
Targa Resources Corp.'s dividend payout ratio of 43.29% is 28% below its 5-year average of 59.72%, near the low end of its 5-year range (33.92%–180.49%).
As of Tuesday, June 23, 2026. 11.20% below its 12-month average of 48.75%.
Dividend Payout Ratio (43.29%) = TTM Dividends/Share ($4.25) / TTM EPS ($9.82)
TRGP Dividend Payout Ratio Chart
TRGP Average Dividend Payout Ratio Chart
TRGP Current vs Average Dividend Payout Ratio Chart
TRGP Dividend Payout Ratio Metrics
DIVIDEND PAYOUT RATIO
43.29%
DIVIDEND PAYOUT RATIO AVG TTM
48.75%
DIVIDEND PAYOUT RATIO AVG 3Y
49.95%
DIVIDEND PAYOUT RATIO AVG 5Y
49.26%
DIVIDEND PAYOUT RATIO AVG 10Y
59.43%
DIVIDEND PAYOUT RATIO AVG 15Y
125.65%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-11.20%
CURRENT VS 3Y AVG
-13.34%
CURRENT VS 5Y AVG
-12.13%
CURRENT VS 10Y AVG
-27.16%
CURRENT VS 15Y AVG
-65.55%
CURRENT VS 20Y AVG
N/A
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $8.54 | $3.75 | 43.9% |
| 2024 | $5.77 | $2.75 | 47.7% |
| 2023 | $3.69 | $1.85 | 50.2% |
| 2022 | $3.95 | $1.40 | 35.5% |
| 2021 | ($0.07) | $0.40 | N/A (Loss) |
| 2020 | ($7.26) | $1.21 | N/A (Loss) |
| 2019 | ($1.44) | $3.64 | N/A (Loss) |
| 2018 | ($0.53) | $3.64 | N/A (Loss) |
| 2017 | ($0.31) | $3.64 | N/A (Loss) |
| 2016 | ($1.80) | $3.64 | N/A (Loss) |
| 2015 | $1.09 | $3.39 | 311.0% |
| 2014 | $2.44 | $2.68 | 109.7% |
| 2013 | $1.56 | $2.05 | 131.7% |
| 2012 | $0.93 | $1.52 | 163.2% |
| 2011 | $0.75 | $0.93 | 124.2% |
| 2010 | ($31.12) | $0.00 | N/A (Loss) |
| 2009 | $1.79 | $0.00 | 0.0% |
| 2008 | $2.28 | $0.00 | 0.0% |
Targa Resources Corp. Dividend Payout Ratio Formula & Definition
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Targa Resources Corp. Dividend Payout Ratio FAQ
- What is the dividend payout ratio for Targa Resources Corp. (TRGP)?
- The dividend payout ratio for TRGP stock is 43.29%.
- Is Targa Resources Corp.'s dividend payout ratio high or low?
- Targa Resources Corp.'s dividend payout ratio of 43.29% is 28% below its 5-year average of 59.72%, near the low end of its 5-year range (33.92%–180.49%).
- What is the TTM average dividend payout ratio for Targa Resources Corp. (TRGP)?
- The TTM average dividend payout ratio for TRGP stock is 48.75%.
- What is the 3Y average dividend payout ratio for Targa Resources Corp. (TRGP)?
- The 3Y average dividend payout ratio for TRGP stock is 49.95%.
- What is the 5Y average dividend payout ratio for Targa Resources Corp. (TRGP)?
- The 5Y average dividend payout ratio for TRGP stock is 49.26%.
- What is the 10Y average dividend payout ratio for Targa Resources Corp. (TRGP)?
- The 10Y average dividend payout ratio for TRGP stock is 59.43%.
- What is the 15Y average dividend payout ratio for Targa Resources Corp. (TRGP)?
- The 15Y average dividend payout ratio for TRGP stock is 125.65%.
Targa Resources Corp. Dividend Payout Ratio History
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-06-22 | 43.29% |
| 2026-06-18 | 43.28% |
| 2026-06-17 | 43.28% |
| 2026-06-16 | 43.27% |
| 2026-06-15 | 43.27% |
| 2026-06-12 | 43.28% |
| 2026-06-11 | 43.28% |
| 2026-06-10 | 43.27% |
| 2026-06-09 | 43.28% |
| 2026-06-08 | 43.28% |
| 2026-06-05 | 43.27% |
| 2026-06-04 | 43.28% |
| 2026-06-03 | 43.28% |
| 2026-06-02 | 43.27% |
| 2026-06-01 | 43.27% |
| 2026-05-29 | 43.27% |
| 2026-05-28 | 43.27% |
| 2026-05-27 | 43.28% |
| 2026-05-26 | 43.27% |
| 2026-05-22 | 43.28% |
| 2026-05-21 | 43.28% |
| 2026-05-20 | 43.29% |
| 2026-05-19 | 43.28% |
| 2026-05-18 | 43.27% |
| 2026-05-15 | 43.28% |
| 2026-05-14 | 43.28% |
| 2026-05-13 | 43.28% |
| 2026-05-12 | 43.27% |
| 2026-05-11 | 43.28% |
| 2026-05-08 | 43.28% |
| 2026-05-07 | 43.28% |
| 2026-05-06 | 49.89% |
| 2026-05-05 | 49.89% |
| 2026-05-04 | 49.89% |
| 2026-05-01 | 49.89% |
| 2026-04-30 | 49.89% |
| 2026-04-29 | 46.95% |
| 2026-04-28 | 46.95% |
| 2026-04-27 | 46.95% |
| 2026-04-24 | 46.95% |
| 2026-04-23 | 46.95% |
| 2026-04-22 | 46.96% |
| 2026-04-21 | 46.95% |
| 2026-04-20 | 46.96% |
| 2026-04-17 | 46.95% |
| 2026-04-16 | 46.95% |
| 2026-04-15 | 46.96% |
| 2026-04-14 | 46.96% |
| 2026-04-13 | 46.95% |
| 2026-04-10 | 46.96% |
| 2026-04-09 | 46.95% |
| 2026-04-08 | 46.95% |
| 2026-04-07 | 46.95% |
| 2026-04-06 | 46.96% |
| 2026-04-02 | 46.96% |
| 2026-04-01 | 46.95% |
| 2026-03-31 | 46.95% |
| 2026-03-30 | 46.95% |
| 2026-03-27 | 46.95% |
| 2026-03-26 | 46.95% |
| 2026-03-25 | 46.95% |
| 2026-03-24 | 46.96% |
| 2026-03-23 | 46.95% |
| 2026-03-20 | 46.96% |
| 2026-03-19 | 46.96% |
| 2026-03-18 | 46.96% |
| 2026-03-17 | 46.95% |
| 2026-03-16 | 46.95% |
| 2026-03-13 | 46.96% |
| 2026-03-12 | 46.96% |
| 2026-03-11 | 46.95% |
| 2026-03-10 | 46.96% |
| 2026-03-09 | 46.95% |
| 2026-03-06 | 46.95% |
| 2026-03-05 | 46.96% |
| 2026-03-04 | 46.95% |
| 2026-03-03 | 46.96% |
| 2026-03-02 | 46.96% |
| 2026-02-27 | 46.96% |
| 2026-02-26 | 46.95% |
| 2026-02-25 | 46.95% |
| 2026-02-24 | 46.95% |
| 2026-02-23 | 46.96% |
| 2026-02-20 | 46.96% |
| 2026-02-19 | 46.95% |
| 2026-02-18 | 53.77% |
| 2026-02-17 | 53.77% |
| 2026-02-13 | 53.76% |
| 2026-02-12 | 53.77% |
| 2026-02-11 | 53.77% |
| 2026-02-10 | 53.77% |
| 2026-02-09 | 53.76% |
| 2026-02-06 | 53.76% |
| 2026-02-05 | 53.77% |
| 2026-02-04 | 53.77% |
| 2026-02-03 | 53.76% |
| 2026-02-02 | 53.76% |
| 2026-01-30 | 63.84% |
| 2026-01-29 | 50.41% |
| 2026-01-28 | 50.42% |
| 2026-01-27 | 50.41% |
| 2026-01-26 | 50.41% |
| 2026-01-23 | 50.40% |
| 2026-01-22 | 50.42% |
| 2026-01-21 | 50.41% |
| 2026-01-20 | 50.41% |
| 2026-01-16 | 50.40% |
| 2026-01-15 | 50.40% |
| 2026-01-14 | 50.41% |
| 2026-01-13 | 50.40% |
| 2026-01-12 | 50.41% |
| 2026-01-09 | 50.40% |
| 2026-01-08 | 50.41% |
| 2026-01-07 | 50.40% |
| 2026-01-06 | 50.40% |
| 2026-01-05 | 50.40% |
| 2026-01-02 | 50.40% |
| 2025-12-31 | 50.41% |
| 2025-12-30 | 50.40% |
| 2025-12-29 | 50.40% |
| 2025-12-26 | 50.40% |
| 2025-12-24 | 50.41% |
| 2025-12-23 | 50.41% |
| 2025-12-22 | 50.40% |
| 2025-12-19 | 50.40% |
| 2025-12-18 | 50.41% |
| 2025-12-17 | 50.40% |
| 2025-12-16 | 50.40% |
| 2025-12-15 | 50.42% |
| 2025-12-12 | 50.40% |
| 2025-12-11 | 50.42% |
| 2025-12-10 | 50.40% |
| 2025-12-09 | 50.40% |
| 2025-12-08 | 50.40% |
| 2025-12-05 | 50.40% |
| 2025-12-04 | 50.41% |
| 2025-12-03 | 50.41% |
| 2025-12-02 | 50.40% |
| 2025-12-01 | 50.41% |
| 2025-11-28 | 50.40% |
| 2025-11-26 | 50.40% |
| 2025-11-25 | 50.40% |
| 2025-11-24 | 50.40% |
| 2025-11-21 | 50.40% |
| 2025-11-20 | 50.41% |
| 2025-11-19 | 50.40% |
| 2025-11-18 | 50.40% |
| 2025-11-17 | 50.40% |
| 2025-11-14 | 50.41% |
| 2025-11-13 | 50.40% |
| 2025-11-12 | 50.41% |
| 2025-11-11 | 50.40% |
| 2025-11-10 | 50.40% |
| 2025-11-07 | 50.41% |
| 2025-11-06 | 50.40% |
| 2025-11-05 | 50.41% |
| 2025-11-04 | 53.67% |
| 2025-11-03 | 53.67% |
| 2025-10-31 | 53.68% |
| 2025-10-30 | 50.10% |
| 2025-10-29 | 50.10% |
| 2025-10-28 | 50.09% |
| 2025-10-27 | 50.10% |
| 2025-10-24 | 50.10% |
| 2025-10-23 | 50.09% |
| 2025-10-22 | 50.10% |
| 2025-10-21 | 50.09% |
| 2025-10-20 | 50.09% |
| 2025-10-17 | 50.10% |
| 2025-10-16 | 50.10% |
| 2025-10-15 | 50.09% |
| 2025-10-14 | 50.09% |
| 2025-10-13 | 50.09% |
| 2025-10-10 | 50.09% |
| 2025-10-09 | 50.08% |
| 2025-10-08 | 50.08% |
| 2025-10-07 | 50.09% |
| 2025-10-06 | 50.09% |
| 2025-10-03 | 50.10% |
| 2025-10-02 | 50.10% |
| 2025-10-01 | 50.08% |
| 2025-09-30 | 50.10% |
| 2025-09-29 | 50.09% |
| 2025-09-26 | 50.09% |
| 2025-09-25 | 50.09% |
| 2025-09-24 | 50.08% |
| 2025-09-23 | 50.09% |
| 2025-09-22 | 50.10% |
| 2025-09-19 | 50.09% |
| 2025-09-18 | 50.10% |
| 2025-09-17 | 50.09% |
| 2025-09-16 | 50.09% |
| 2025-09-15 | 50.10% |
| 2025-09-12 | 50.09% |
| 2025-09-11 | 50.09% |
| 2025-09-10 | 50.10% |
| 2025-09-09 | 50.09% |
| 2025-09-08 | 50.08% |
| 2025-09-05 | 50.10% |
| 2025-09-04 | 50.08% |
| 2025-09-03 | 50.10% |
| 2025-09-02 | 50.09% |
| 2025-08-29 | 50.09% |
| 2025-08-28 | 50.08% |
| 2025-08-27 | 50.09% |
| 2025-08-26 | 50.09% |
| 2025-08-25 | 50.10% |
| 2025-08-22 | 50.10% |
| 2025-08-21 | 50.09% |
| 2025-08-20 | 50.09% |
| 2025-08-19 | 50.09% |
| 2025-08-18 | 50.09% |
| 2025-08-15 | 50.10% |
| 2025-08-14 | 50.10% |
| 2025-08-13 | 50.08% |
| 2025-08-12 | 50.09% |
| 2025-08-11 | 50.08% |
| 2025-08-08 | 50.10% |
| 2025-08-07 | 50.08% |
| 2025-08-06 | 64.31% |
| 2025-08-05 | 64.32% |
| 2025-08-04 | 64.32% |
| 2025-08-01 | 64.32% |
| 2025-07-31 | 64.32% |
| 2025-07-30 | 59.71% |
| 2025-07-29 | 59.73% |
| 2025-07-28 | 59.73% |
| 2025-07-25 | 59.72% |
| 2025-07-24 | 59.73% |
| 2025-07-23 | 59.71% |
| 2025-07-22 | 59.73% |
| 2025-07-21 | 59.73% |
| 2025-07-18 | 59.72% |
| 2025-07-17 | 59.72% |
| 2025-07-16 | 59.72% |
| 2025-07-15 | 59.72% |
| 2025-07-14 | 59.72% |
| 2025-07-11 | 59.73% |
| 2025-07-10 | 59.71% |
| 2025-07-09 | 59.71% |
| 2025-07-08 | 59.73% |
| 2025-07-07 | 59.72% |
| 2025-07-03 | 59.71% |
| 2025-07-02 | 59.71% |
| 2025-07-01 | 59.72% |
| 2025-06-30 | 59.72% |
| 2025-06-27 | 59.71% |
| 2025-06-26 | 59.72% |
| 2025-06-25 | 59.72% |
| 2025-06-24 | 59.72% |
| 2025-06-23 | 59.72% |
| 2025-06-20 | 59.72% |
| 2025-06-18 | 59.71% |
| 2025-06-17 | 59.71% |
| 2025-06-16 | 59.71% |
| 2025-06-13 | 59.72% |
| 2025-06-12 | 59.72% |
| 2025-06-11 | 59.72% |
| 2025-06-10 | 59.71% |
| 2025-06-09 | 59.71% |
Showing the most recent 260 of 2,640 data points. The chart above shows the full history.
About Targa Resources Corp.
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.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Matthew J. Meloy