Monday Is Your Last Chance To Buy Targa Resources Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) announced a quarterly dividend of 50 cents per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday, likely opening 50 cents lower to reflect the payout. The dividend is scheduled to be paid on February 15, 2024.
January 25, 2024 | 2:45 pm
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Targa Resources is set to pay a quarterly dividend of 50 cents per share, with the stock going ex-dividend on Tuesday and likely opening lower by the dividend amount.
The stock price of Targa Resources is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This anticipated drop is typically short-term and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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