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Targa Resources Partners LP's yield on cost for the quarter that ended in Sep. 2020 was 30.94.
The historical rank and industry rank for Targa Resources Partners LP's 5-Year Yield-on-Cost % or its related term are showing as below:
During the past 13 years, Targa Resources Partners LP's highest Yield on Cost was 30.94. The lowest was 0.00. And the median was 0.00.
For the Oil & Gas Midstream subindustry, Targa Resources Partners LP's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Targa Resources Partners LP's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Targa Resources Partners LP's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Targa Resources Partners LP is calculated as
Yield-on-Cost | = | Dividend Yield % | * | (1 | + | Dividend Growth Rate)^5 |
Targa Resources Partners LP (NYSE:NGLS) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Thank you for viewing the detailed overview of Targa Resources Partners LP's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.
Davis Waters S Iv | director | 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242 |
Chris Tong | director | 600 E LAS COLINAS # 1100, IRVING TX 75019 |
Redd Ershel C Jr | director | C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901 |
Charles R Crisp | director | 1301 MCKINNEY STE 700, HOUSTON TX 77010 |
Laura C. Fulton | director | THREE RIVERWAY, SUITE 1350, HOUSTON TX 77056 |
Robert B Evans | director | 100 COLLEGE STREET, MINDEN LA 71055 |
Michael A Heim | other: Vice Chairman of the Board | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Jeffrey J Mcparland | officer: See Remarks | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Paul W Chung | officer: EVP, Gen. Counsel & Secretary | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Barry R Pearl | director | P.O. BOX 2521, HOUSTON TX 77252-2521 |
James W Whalen | director, officer: Exec. Chairman of the Board | BETH SIBLEY, 1301 MCKINNEY STE 700, HOOOUSTON TX 77010 |
Joe Bob Perkins | director, officer: CEO | TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002 |
Ruth Dreessen | director | 6850 VERSAR CENTER, SPRINGFIELD VA 22151 |
John Robert Sparger | officer: Senior VP and CAO | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Matthew J Meloy | officer: Executive VP and CFO | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
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