Is Targa Resources Corp. a good dividend stock?

Targa Resources Corp. (TRGP) is a dividend-paying stock with a current dividend yield of 1.49%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is TRGP's dividend yield?

The dividend yield for TRGP stock is currently 1.49%.

How much does TRGP pay in dividends per year?

Targa Resources Corp. pays an annual dividend of $4.2500 per share over the trailing twelve months.

How often does TRGP pay dividends?

TRGP stock pays dividends quarterly.

Is TRGP's dividend growing?

Targa Resources Corp.'s 3-year dividend CAGR is 39.96%.

TRGP Stock Price, Chart, Stats & News

Targa Resources Corp.

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Overview Dividend safety Dividends Fundamentals

Targa Resources Corp. (TRGP) is a dividend-paying stock with a current dividend yield of 1.49% as of Jul 20, 2026. It pays $4.25 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 60.42% 5-year compound annual rate.

61.13B

Market cap

29.09x

Current P/E

26.04x

Forward P/E

1.49%

Dividend yield

$4.25

TRGP dividend

Dividend safety

Strong

Dividend coverage looks healthy — TRGP pays out about 43% of earnings.

See the safety analysis

TRGP chart

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Fundamentals

Gross margin	26.51%
Operating margin	20.11%
Pretax margin	14.51%
Net margin	10.76%
Effective tax rate	21.30%
ROA	7.31%
ROE	68.22%
D/E	5.72x
Interest coverage ratio	4.04x

All financials

TRGP valuation

P/E	29.09x
P/S	3.14x
P/B	17.54x
P/CF	13.73x
P/FCF	92.09x
P/OCF	13.73x
PEG	2.01x
EV multiple	7.50x

About

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.