Targa Resources Eyes 50% Boost to Quarterly Dividend
Targa Resources is asking its board to raise the company's quarterly dividend to 75 cents from 50 cents a share for the first quarter.
From the Equity Insider archive. This article dates from Jan 18, 2024 and is preserved as first published.
Targa Resources is asking its board to raise the company’s quarterly dividend to 75 cents from 50 cents a share for the first quarter.
If approved the new payout would be equal $3 per year, and would represent an annual yield of 3.6% based on Thursday’s closing price of $82.59 per share.
If approved the new payout would be equal $3 per year, and would represent an annual yield of 3.
The Houston natural-gas pipeline operator said on Thursday that the increased dividend will be paid out in May 2024 if its recommendation is approved.
For the fourth quarter, Targa will issue a dividend of 50 cents a share on Feb. 15 to shareholders of record as of Jan. 31.
