Targa Resources Declares Increase To Its Quarterly Cash Dividend From $0.50 To $0.75 Per Share, Consistent With Previously Disclosed Expectations
Portfolio Pulse from Benzinga Newsdesk
Targa Resources has announced an increase in its quarterly cash dividend from $0.50 to $0.75 per share, to be paid on May 15, 2024, to shareholders of record as of April 30, 2024.
April 11, 2024 | 9:06 pm
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Targa Resources increases its quarterly dividend from $0.50 to $0.75 per share, payable on May 15, 2024, to shareholders on record by April 30, 2024.
Increasing dividends is generally viewed positively by the market as it signals confidence in the company's financial health and future prospects. This substantial increase in Targa Resources' dividend is likely to attract income-focused investors and could lead to a short-term uptick in stock price due to perceived financial strength and shareholder value commitment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100