Investors' Guide to Targa Resources' (TRGP) Dividend Hike [Yahoo! Finance]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: Yahoo! Finance
cents (or 50%) to 75 cents per share, which translates into $3 per share on an annualized basis. The new payout will be made on May 15 to its common shareholders of record on Apr 30. TRGP continues to execute across strategic priorities, thanks to volume gains across its infrastructure footprint, to go with strong business fundamentals and increasing earnings stability. This positive backdrop, together with Targa Resources' strong returns, investment grade balance sheet and improving cash flow outlook, allowed the Zacks Rank #3 (Hold) midstream operator to reward investors with a dividend hike last week. You can see the complete list of today's Zacks #1 Rank stocks here. While stock buyback is another preferred tool for TRGP to distribute cash, the company's policy dictates that it ploughs back cpital by growing common dividends meaningfully. Targa Resources' current dividend yield of 2.6% might not be the best going around, but it is well ahead of the S&P 500's 1.3% and is well
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TRGP
News
- Targa Resources Corp. (NYSE:TRGP) Stock Goes Ex-Dividend In Just Two Days [Yahoo! Finance]Yahoo! Finance
- Targa Resources' (NYSE:TRGP) Dividend Will Be Increased To $0.75 [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Stifel Nicolaus from $111.00 to $130.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Scotiabank from $112.00 to $128.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings WebcastGlobeNewswire
TRGP
Sec Filings
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- 3/21/24 - Form DEF
- TRGP's page on the SEC website