Targa Resources Corp.Continues to Strengthen with Dividend Increase and Positive Market Outlook
HOUSTON, April 11, 2024 - Targa Resources Corp.(NYSE: TRGP) has recently made significant announcements showcasing its strong performance and outlook for the future.In a press release today, the company declared an increase in its quarterly common dividend to $0.75 per common share, or $3.00 per common share on an annualized basis, for the first quarter of 2024.This represents a noteworthy 50 percent increase over the common dividend declared in the first quarter of 2023.Moreover, Targa has announced the timing of its first quarter 2024 earnings webcast, demonstrating its commitment to transparent and timely communication with its stakeholders.
The decision to increase the dividend is in line with Targa’s previously disclosed expectations and highlights the company’s commitment to delivering value to its shareholders.Targa’s consistent and reliable dividend policy reflects the company’s strong financial position, robust cash flow generation, and successful execution of its growth strategy.This quarterly cash dividend will be paid on May 15, 2024, to all outstanding common shareholders recorded as of April 30, 2024.
Despite the challenges faced by the market, Targa Resources Corp.has exhibited fortitude and resilience.As mentioned in a previous article dated October 12, 2023
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