Looking at the universe of stocks we cover at Dividend Channel , on 7/28/17, Targa Resources Corp (Symbol: TRGP) will trade ex-dividend, for its quarterly dividend of $0.91, payable on 8/15/17. As a percentage of TRGP's recent stock price of $46.52, this dividend works out to approximately 1.96%, so look for shares of Targa Resources Corp to trade 1.96% lower - all else being equal - when TRGP shares open for trading on 7/28/17.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TRGP is likely to continue, and whether the current estimated yield of 7.82% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TRGP shares, versus its 200 day moving average:
Looking at the chart above, TRGP's low point in its 52 week range is $35.35 per share, with $61.83 as the 52 week high point - that compares with a last trade of $46.25.
According to the ETF Finder at ETF Channel, TRGP makes up 3.10% of the First Trust Nasdaq Oil & Gas ETF (Symbol: FTXN) which is trading relatively unchanged on the day Wednesday.
In Wednesday trading, Targa Resources Corp shares are currently off about 0.3% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.