Targa Resources Corporation (TRC) has recently announced its quarterly dividend on both common shares and on its Series A preferred shares for 2Q16.
The company’s board of directors has declared a quarterly cash dividend of 91.00 cents per share, or US$3.64 per common share, on an annualised basis, for 2Q16. The approved dividend remains unchanged from the previous quarter and represents an increase of approximately 4% over the dividend for 2Q15. This cash dividend will be paid on 15 August 2016 on all outstanding common shares to holders of record as of the close of business on 2 August 2016.
TRC has also announced that its board of directors has declared a quarterly cash dividend of US$23.75 per Series A preferred share. This cash dividend will be paid 12 August 2016 on all outstanding Series A preferred shares, to holders of record as of the close of business on 2 August 2016.
Adapted from press release by Anna Nicklin