For The First Quarter Of 2024, Targa Intends To Recommend To Its Board Of Directors An Increase To Its Common Dividend To $0.75 Per Common Share Or $3.00 Per Common Share Annualized
Portfolio Pulse from Benzinga Newsdesk
Targa plans to recommend an increase in its common dividend to $0.75 per share for Q1 2024, up from the $0.50 per share declared for Q4 2023.
February 15, 2024 | 11:14 am
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Targa intends to increase its common dividend to $0.75 per share in Q1 2024, up from $0.50 in Q4 2023.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Targa's proposed increase to $0.75 per share from $0.50 indicates a strong financial position and commitment to returning value to shareholders, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100