Targa Resources' (NYSE:TRGP) Dividend Will Be Increased To $0.75 [Yahoo! Finance]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: Yahoo! Finance
Although the dividend is now higher, the yield is only 2.6%, which is below the industry average. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Targa Resources' stock price has increased by 36% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. Check out our latest analysis for Targa Resources Targa Resources' Payment Has Solid Earnings Coverage If it is predictable over a long period, even low dividend yields can be attractive. Targa Resources was earning enough to cover the previous dividend, but it was paying out quite a large proportion of its free cash flows. The company is clearly earning enough to pay this type of dividend, but it is definitely focused on returning cash to shareholders, rather than growing the business. Looking forward, ea
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TRGP
News
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Wells Fargo & Company from $109.00 to $124.00. They now have an "overweight" rating on the stock.MarketBeat
- Targa Resources: Improving Ebitda And Possible Upside Potential [Seeking Alpha]Seeking Alpha
- Targa Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Targa Resources First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Targa Resources beats first-quarter core profit estimates on higher transportation volumes [Reuters]Reuters
TRGP
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 3/21/24 - Form ARS
- TRGP's page on the SEC website