Targa Resources, Inc. (TRGP) is a Top Dividend Stock Right Now: Should You Buy?

In terms of dividend growth, the company's current annualized dividend of $3 is up 62.2% from last year. Over the last 5 years, Targa Resources, Inc. has increased its dividend 2 times on a year-over-year basis for an average annual increase of 1.67%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Targa Resources's current payout ratio is 41%, meaning it paid out 41% of its traili ...