08-31-2023
| USD/share | |
| Price | 86.25 |
| Dividend | 2.00 |
| Earnings | 5.04 |
| Cash-flow | 10.52 |
| Book value | 11.82 |
| Equity | 9.98 |
Targa Resources Corp is part of Oil Equipment Services and Distrib. business, which is part of Oil and Gas industry. Targa Resources Corp is a company from USA, and his stocks are publicly traded.
Targa Resources Corp stock dividend
Targa Resources Corp paid a total dividend of 452 million USD last year, for a market value of 19,493 millions (Market Cap 19,246 millions). Targa Resources Corp dividend per share is 2.00 USD, and his stock market price 86.25 USD.
According to the chart below, where dividend yield is displayed, Targa Resources Corp has a dividend yield of 2.32%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Oil and Gas industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
In addition, you should compare Targa Resources Corp stocks dividend with other Oil Equipment Services and Distrib. companies or other of the highest USA dividend stocks list.
Targa Resources Corp Dividend Payout
About the ability of Targa Resources Corp to maintain his current dividend of USD 2.00 per share, an amount that accounts for 2.32%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Targa Resources Corp payout on ernings is currently 39.68%, which is higher than the market average, and companies of Oil and Gas industry, which are 39.34% and 38.55% respectively. Both figures show that Targa Resources Corp can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Targa Resources Corp is USD 10.52 per share, which is higher than the dividend per share paid by the company of USD 2.00, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Targa Resources Corp, compared againt world market average, USA companies, Oil and Gas industry and Oil Equipment Services and Distrib. sector companies.
Targa Resources Corp Dividend History
Below you will find a table with the historical evolution of Targa Resources Corp's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
| Year | Yield | USD | Paypout | Shares* |
| Present | 2.32% | 2.00 | 39.68% | 226 |
| 2019 | 8.92% | 3.64 | 0.00% | 233 |
| 2018 | 10.11% | 3.64 | -577.78% | 229 |
| 2017 | 7.52% | 3.64 | -638.60% | 216 |
*In millions
Targa Resources Corp Stock performance
Finally, last moth Targa Resources Corp showed a return of 5.20% compared to a worldwide -2.49% average, and a -1.44% of Oil and Gas firms. Over the last year, the company obtained a 26.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Oil Equipment Services and Distrib. firms.
