Targa Resources Corp Dividend yield report




A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   USD per share 
 Price  45.93
 Dividend  3.64
 Earnings  -0.63
 Cash-flow  4.33
 Book value  22.97
 Equity  15.37

Targa Resources Corp is part of Oil and Gas Producers 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 paid a total dividend of 706 million USD last year, for a market capitalization of 8,910 millions. Dividend per share of Targa Resources Corp is 3.64 USD, and his stock market price 45.93 USD.

According to the chart below, where dividend yield is displayed, Targa Resources Corp has a dividend yield of 7.93%, which is higher than the amount offered by both the market average and companies from USA. It is also bigger than average of Oil and Gas industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

Dividend yield of Targa Resources Corp

About the ability of Targa Resources Corp to maintain his current dividend of USD 3.64 per share, an amount that accounts for 7.93%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Targa Resources Corp payout on ernings is currently -577.78%, which is lower than the market average and companies of Oil and Gas industry, which are 39.83% and 21.07% respectively. Both figures lead us to believe that there is confidence that Targa Resources Corpcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Targa Resources Corp is USD 4.33 per share, which is higher than the dividend per share paid by the company of USD 3.64, 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 and Gas Producers sector companies. You might also need to check full financial report of Targa Resources Corp.

Finally, you could compare Targa Resources Corp dividend yield with other Oil and Gas Producers companies or firms from USA.

Targa Resources Corp payout

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