Ex-Div Reminder for Targa Resources (TRGP)

Looking at the universe of stocks we cover at Dividend Channel, on 7/31/24, Targa Resources Corp (Symbol: TRGP) will trade ex-dividend, for its quarterly dividend of $0.75, payable on 8/15/24. As a percentage of TRGP's recent stock price of $131.57, this dividend works out to approximately 0.57%, so look for shares of Targa Resources Corp to trade 0.57% lower — all else being equal — when TRGP shares open for trading on 7/31/24.

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 2.28% 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 $77.97 per share, with $138.28 as the 52 week high point — that compares with a last trade of $132.09.

In Monday trading, Targa Resources Corp shares are currently off about 0.3% on the day.

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