Targa Resources (TRGP) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $4.50
- Forward yield
- 1.55%
- Payout ratio
- 42.8%
- Growth streak
- 4 years
Targa Resources pays a quarterly dividend of $1.25 per share. Its most recent payment went ex-dividend on July 31, 2026 and was paid on August 14, 2026. Over the trailing twelve months, it paid $4.50 per share, a yield of about 1.6% at a share price of $281.74.
Raises in the table have come once a year, with the payment that goes ex-dividend at the end of April and is paid in May. The rate went from $0.35 to $0.50 in 2023, then to $0.75 in 2024, $1.00 in 2025 and $1.25 in 2026. Each of those raises was 25 cents, or 25% to 50%. The step before that was larger, from $0.10 in late 2021 to $0.35 with the first payment of 2022. Since early 2022, the quarterly rate has more than tripled. Payments by calendar year rose from $1.40 in 2022 to $3.75 in 2025. The company has increased its dividend for four consecutive calendar years.
Payments have gone ex-dividend at the end of January, April, July and October. If the pattern holds, the next payment would go ex-dividend at the end of October 2026 and be paid around mid-November.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 16, 2026 | Jul 31, 2026 | Aug 14, 2026 | $1.25 |
| Apr 16, 2026 | Apr 30, 2026 | May 15, 2026 | $1.25 |
| Jan 15, 2026 | Jan 30, 2026 | Feb 13, 2026 | $1.00 |
| Oct 16, 2025 | Oct 31, 2025 | Nov 17, 2025 | $1.00 |
| Jul 10, 2025 | Jul 31, 2025 | Aug 15, 2025 | $1.00 |
| Apr 10, 2025 | Apr 30, 2025 | May 15, 2025 | $1.00 |
| Jan 16, 2025 | Jan 31, 2025 | Feb 14, 2025 | $0.75 |
| Oct 10, 2024 | Oct 31, 2024 | Nov 15, 2024 | $0.75 |
| Jul 11, 2024 | Jul 31, 2024 | Aug 15, 2024 | $0.75 |
| Apr 11, 2024 | Apr 29, 2024 | May 15, 2024 | $0.75 |
| Jan 18, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.50 |
| Oct 12, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.50 |
| Jul 13, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.50 |
| Apr 13, 2023 | Apr 27, 2023 | May 15, 2023 | $0.50 |
| Jan 19, 2023 | Jan 30, 2023 | Feb 15, 2023 | $0.35 |
| Oct 13, 2022 | Oct 28, 2022 | Nov 15, 2022 | $0.35 |
| Jul 14, 2022 | Jul 28, 2022 | Aug 15, 2022 | $0.35 |
| Apr 14, 2022 | Apr 28, 2022 | May 16, 2022 | $0.35 |
| Jan 20, 2022 | Jan 28, 2022 | Feb 15, 2022 | $0.35 |
| Oct 14, 2021 | Oct 28, 2021 | Nov 15, 2021 | $0.10 |
Frequently asked questions
Does Targa Resources (TRGP) pay a dividend?
Yes. Targa Resources pays a quarterly dividend; the most recent payment was $1.25 per share.
What is TRGP's dividend yield?
Targa Resources paid $4.50 per share over the trailing twelve months, a yield of 1.55% at the last price of $290.54. Click here to learn more
When is TRGP's most recent ex-dividend date?
Targa Resources's most recent ex-dividend date is Jul 31, 2026, payable on Aug 14, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has TRGP been raising its dividend?
Yes — Targa Resources has increased its dividend for 4 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.