Targa Resources Corp. Announces Quarterly Dividends
October 18 2017 - 6:06PM
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
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
third quarter of 2017. This cash dividend will be paid November 15,
2017 on all outstanding common shares to holders of record as of
the close of business on November 1, 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 third quarter of 2017. This cash dividend will
be paid November 14, 2017 on all outstanding Series A preferred
shares to holders of record as of the close of business on November
1, 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 Statements
Certain statements in this release are
"forward-looking statements" within the meaning of federal
securities laws. 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 declines in the
production of natural gas or in the price and market demand for
natural gas, natural gas liquids and crude oil, the timing and
success of business development efforts, the credit risk of
customers and other uncertainties. These and other applicable
uncertainties, factors and risks are described more fully in the
Company’s filings with the U.S. 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 undertakes
no 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
Sanjay LadDirector – Investor Relations
Jennifer KnealeVice President - Finance
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