Markets

Cash Dividend On The Way From Targa Resources (TRGP)

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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.

TRGP+Dividend+History+Chart

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:

Targa Resources Corp 200 Day Moving Average Chart

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.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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