Targa Resources Corp. · TRGP · NYSE
Dividend report · updated Nov 12, 2026
$297.90 +2.10% on the day, +$6.12
TRGP stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is TRGP’s dividend Very Safe or High Risk? 12 checks scored. Payout ratio, raise streak, recession record and 9 more. Show the rating
Yearly payout / yield
$5.00·1.68%
$1.25 quarterly x 4 ⓘ
Next payment
~$1.25/qtr
pays ~Feb 2, 2027 (est.) ⓘ
Next ex-date
Jan 30, 2027est.
own by Jan 29, 2027 ⓘ
Years without a cut
5 yrs
4 yrs of raises ⓘ
Recession record
2020cut2022raised
cut in 2020 ⓘ
Yield vs history ⓘ
43
Near its usual yield
TRGP share price & total return
Daily closing price, adjusted for stock splits.
TRGP stock page »All dividend lists »Build a portfolio around TRGP »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
TRGP Dividend Growth (CAGR)
1Y +25.0%3Y +35.7%5Y +65.7%10Y +3.2%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 64 payments since 2011.
Annual dividends and growth
Total paid per share in each calendar year.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +38.1% a year, its typical raise over the last 5 years. 1 one-off jump of 2x or more is left out. Capped at 20% a year. From 2029 it slows by a quarter each year. Today's $5.00 a year would be $9.99 by 2031 - 3.35% on today's $297.90 price.

How Many TRGP Shares for $500 or $1,000 a Month?

At $5.00 a share a year, $500 a month takes about 1,200 TRGP shares, about $357,480 at the Nov 12, 2026 close of $297.90. $1,000 a month takes about 2,400 shares, about $714,960. Before taxes, and only while the rate holds.

Targa Resources (TRGP) pays $1.25 a share quarterly, $5.00 a year, a 1.68% run-rate yield at the Nov 12, 2026 close of $297.90. It has paid since 2011 and raised its annual dividend 4 years in a row.

At today’s rate of $1.25 quarterly and the last close of $297.90, this is what TRGP pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$1.25$0.42$5.00
100 shares$125.00$41.67$500.00
$10,000 invested (33.6 shares)$41.96$13.99$167.84
1,200 shares ($500/mo)$1,500.00$500.00$6,000.00
2,400 shares ($1,000/mo)$3,000.00$1,000.00$12,000.00

With DRIP on, every payment buys more shares instead of landing as cash. 100 TRGP shares reinvest into 0.42 new shares each payment, about 1.7 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 239 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with TRGP’s own history in the TRGP DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See TRGP’s rating and its 12 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Liquidity: is there cash for debts due this year rating
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

TRGP Dividend Yield Today vs Its 5-Year Range

43/100Near its usual yieldvs its 5-yr history
  • TRGP yields 1.68% today, at the Nov 12, 2026 close of $297.90.
  • Its own 5-year median is 1.95%, so today’s yield is near its usual level.
Last 5 years: lowest to highest month-end yield
0.77% low2.94% high
Blue mark = today, grey = its 5-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 5 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is TRGP’s Next Dividend? Ex-Date and Pay Date After November 2026

TRGP has not declared its next dividend yet. By its usual rhythm of about 92 days between ex-dates, the next ex-date falls around Jan 30, 2027, with the cash around Feb 2, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $1.25 a share, went ex on Oct 30, 2026 and paid Nov 2, 2026.

  • Ex-dates: about every 92 days (quarterly)
  • Payment: usually about 3 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does TRGP Pay?

TRGP pays quarterly, 4 times a year. Recent payments arrived in Feb, May, Aug and Nov, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 92 days, and the cash usually lands about 3 days later.

Paid in the last 12 months
$4.75 a share, in 4 payments.
+26.7% against the 12 months before ($3.75 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Feb, May, Aug and Nov. Ex-dates fall in Jan, Apr, Jul and Oct (latest 4 payments).
Raise history
  • Streak: 4 years of higher annual totals (through 2025)
  • Last raise: Apr 30, 2026 - $1.00 to $1.25 (+$0.25, +25.00%)
  • Usual $ step: $0.25 (median of the raises before it)
Coverage
  • FFO payout (approx.): 23.0% - $4.50 paid / $19.54 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
  • Cash-flow payout: 20.0% - $4.00 paid / $19.95 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 14.2% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): 39.5% - $4.50 paid / $11.38 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 41.5% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

TRGP vs Similar Dividend Stocks (LNG, IMO...)

Against the 10 dividend-paying Energy companies closest to TRGP in market value, TRGP’s 1.68% run-rate yield is below the group’s middle yield of 3.81%, and its raise streak of 4 years is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
TRGP $297.90Targa Resources $1.25/qtr$5.00/yr fwd 1.68% Dividend Safety Rating: paid plans only Cut in 20202020 cut2022 raisedno 2000/2008 record 5 yrsraised 4 yrs in a row
LNG $304.48Cheniere Energy $0.625/qtr$2.50/yr fwd 0.82% Dividend Safety Rating: paid plans only — 3+ yrsraised 3 yrs in a row
IMO $126.70Imperial Oil Limited $0.631/qtr$2.52/yr fwd 1.99% Dividend Safety Rating: paid plans only No cut in all 42000 held2008 held2020 raised2022 raised 37+ yrsraised 10 yrs in a row
ET $19.43Energy Transfer LP $0.343/qtr$1.37/yr fwd 7.06% Dividend Safety Rating: paid plans only Cut in 20202008 raised2020 cut2022 raisedno 2000 record 5 yrsraised 4 yrs in a row
TRP $64.30TC Energy $0.619/qtr$2.48/yr fwd 3.85% Dividend Safety Rating: paid plans only Cut in 20002000 cut2008 held2020 held2022 held 25 yrsno raise streak
KMI $31.59Kinder Morgan $0.298/qtr$1.19/yr fwd 3.77% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 9 yrsraised 8 yrs in a row
MPLX $56.54MPLX Lp $1.211/qtr$4.84/yr fwd 8.57% Dividend Safety Rating: paid plans only No cut in both2020 held2022 raisedno 2000/2008 record 12+ yrsraised 3 yrs in a row
OXY $57.16Occidental Petroleum $0.28/qtr$1.12/yr fwd 1.96% Dividend Safety Rating: paid plans only Cut in 20202000 raised2008 raised2020 cut2022 raised 5 yrsraised 4 yrs in a row
OKE $88.17ONEOK $1.07/qtr$4.28/yr fwd 4.85% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 raised2020 held2022 raised 37 yrsraised 3 yrs in a row
EBGEF $24.84Enbridge $0.418/qtr$1.67/yr fwd 6.73% Dividend Safety Rating: paid plans only — 2+ yrsraised 2 yrs in a row
CVE $28.41Cenovus Energy $0.158/qtr$0.63/yr fwd 2.22% Dividend Safety Rating: paid plans only — 5 yrsraised 4 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: TRGP vs LNG, TRGP vs IMO, TRGP vs ET.

TRGP Dividend History: Every Payment Since 2011

Ex-datePay dateAmountFrequencyType
Oct 30, 2026Nov 2, 2026$1.25QuarterlyRegular
Jul 31, 2026Aug 3, 2026$1.25QuarterlyRegular
Apr 30, 2026May 4, 2026$1.25QuarterlyRegular
Jan 30, 2026Feb 2, 2026$1.00QuarterlyRegular
Oct 31, 2025Nov 3, 2025$1.00QuarterlyRegular
Jul 31, 2025Aug 4, 2025$1.00QuarterlyRegular
Apr 30, 2025May 2, 2025$1.00QuarterlyRegular
Jan 31, 2025Feb 3, 2025$0.75QuarterlyRegular
Oct 31, 2024Nov 4, 2024$0.75QuarterlyRegular
Jul 31, 2024Aug 2, 2024$0.75QuarterlyRegular
The other 54 TRGP payments come with a paid plan.
Show all 64 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for TRGP

UnlockDividend Safety Rating: paid plans only
See where TRGP lands, and why.
See the rating & factors »
Own TRGP? Your payouts fill in by themselves Add TRGP once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track TRGP →

TRGP Dividend Questions

How often does TRGP pay dividends?

TRGP pays quarterly, 4 times a year. Recent payments arrived in Feb, May, Aug and Nov, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 92 days, and the cash usually lands about 3 days later.

Does TRGP pay dividends monthly?

No. TRGP pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next TRGP dividend?

TRGP has not declared its next dividend yet. By its usual rhythm of about 92 days between ex-dates, the next ex-date falls around Jan 30, 2027, with the cash around Feb 2, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $1.25 a share, went ex on Oct 30, 2026 and paid Nov 2, 2026. The current rate is $1.25 per share, $5.00 a year.

Does TRGP pay a dividend in February 2027?

Not declared yet. By its usual rhythm the next ex-date falls around Jan 30, 2027, with the cash around Feb 2, 2027, so a payment in February 2027 is likely. Only the company’s declaration makes it final.

How much does TRGP pay per share?

TRGP pays $1.25 a share quarterly, $5.00 a year. At the Nov 12, 2026 close of $297.90 that is a 1.68% run-rate yield, near its usual level: its own 5-year median is 1.95%.

Has TRGP raised its dividend?

Yes. TRGP has raised its annual dividend 4 years in a row, through 2025. The latest raise, on Apr 30, 2026, took the rate from $1.00 to $1.25 (+25.00%). Over five years the dividend grew 65.7% a year.

Is TRGP’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. TRGP paid out 20% of its cash flow as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 4 years in a row and gone 5 years without a cut. Through the market crashes: it raised the dividend through the 2022 crash; it cut it in the 2020 crash. There is no 2000 or 2008 record on file. This is data, not investment advice. The full 12-check rating comes with a plan.

How do I track my TRGP dividends?

Add TRGP to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run TRGP in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 12, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 12 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.