Targa Resources Corp. Announces Quarterly Dividends
April 19 2017 - 06:42PM
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 first quarter of
2017.
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
first quarter of 2017. This cash dividend will be paid May 16, 2017
on all outstanding common shares to holders of record as of the
close of business on May 2, 2017.
Targa also announced today that its board of directors has
declared a quarterly cash dividend of $23.75 per Series A preferred
share for the first quarter of 2017. This cash dividend will be
paid May 15, 2017 on all outstanding Series A preferred shares to
holders of record as of the close of business on May 2, 2017.
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 StatementsCertain 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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