Targa Resources Corp. Announces Quarterly Dividends
October 19 2016 - 5:17PM
Targa Resources Corp. (“TRC”, “Targa” or the “Company”) (NYSE:TRGP)
announced its quarterly dividend on common shares and its quarterly
dividend on its Series A preferred shares for the third quarter of
2016.
Targa Resources Corp. announced today that its
board of directors has declared a quarterly cash dividend of 91.00¢
per share, or $3.64 per common share on an annualized basis, for
the third quarter 2016. The approved dividend is unchanged from the
previous quarter. This cash dividend will be paid November 15, 2016
on all outstanding common shares to holders of record as of the
close of business on November 2, 2016.
Targa also announced today that its board of
directors has declared a quarterly cash dividend of $23.75 per
Series A preferred share. This cash dividend will be paid
November 14, 2016 on all outstanding Series A preferred shares to
holders of record as of the close of business on November 2,
2016.
About Targa Resources Corp.
Targa Resources Corp. is a leading provider of
midstream services and is one of the largest independent midstream
energy companies in North America. Targa owns, operates, acquires,
and develops a diversified portfolio of complementary midstream
energy assets. The Company is primarily engaged in the business of:
gathering, compressing, treating, processing, and selling natural
gas; storing, fractionating, treating, transporting, and selling
NGLs and NGL products, including services to LPG exporters;
gathering, storing, and terminaling crude oil; storing,
terminaling, and selling refined petroleum products.
The principal executive offices of Targa are
located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their
telephone number is 713-584-1000. For more information please
go to www.targaresources.com.
Forward-Looking Statements
Certain statements in this release are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this release that
address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future,
are forward-looking statements. These forward-looking statements
rely on a number of assumptions concerning future events and are
subject to a number of uncertainties, factors and risks, many of
which are outside the Company’s control, which could cause results
to differ materially from those expected by management of the
Company. Such risks and uncertainties include, but are not limited
to, weather, political, economic and market conditions, including a
decline in the price and market demand for natural gas, natural gas
liquids and crude oil, the timing and success of business
development efforts; and other uncertainties. These and other
applicable uncertainties, factors and risks are described more
fully in the Company’s filings with the Securities and Exchange
Commission, including its Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. The Company
does not undertake an obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Investor contact:
713-584-1133
Jennifer Kneale
Vice President - Finance
Matthew Meloy
Executive Vice President and Chief Financial Officer
Targa Resources (NYSE:TRGP)
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