Targa Resources Lifts Quarterly Dividend by 50%

Dow Jones04-12

By Sabela Ojea

Targa Resources is increasing its quarterly dividend by 50%, to 75 cents a share.

The midstream energy infrastructure on Thursday said its board of directors declared a quarterly payout to shareholders of 75 cents, up from 50 cents previously.

The new payout, equal to $3 a share annually, represents a yield of 0.03%, based on the company's latest closing price of $115.33.

The cash dividend will be paid on May 15, after the release of first-quarter results expected May 2.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

April 11, 2024 17:16 ET (21:16 GMT)

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