Targa Resources Corp. Announces Quarterly Dividends
January 17 2019 - 5:22PM
Targa Resources Corp. (“TRC”, “Targa” or the “Company”) (NYSE:
TRGP) announced its quarterly dividend on common shares and its
quarterly dividend on Series A preferred shares for the fourth
quarter of 2018.
TRC 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 fourth
quarter of 2018. This cash dividend will be paid February 15, 2019
on all outstanding common shares to holders of record as of the
close of business on January 31, 2019.
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 fourth quarter of 2018. This
cash dividend will be paid February 14, 2019 on all outstanding
Series A preferred shares to holders of record as of the close of
business on January 31, 2019.
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, terminaling, and selling crude oil; storing,
terminaling, and selling refined petroleum products.
The principal executive offices of Targa
Resources Corp. are located at 811 Louisiana, Suite 2100, 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 press 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 press
release that address activities, events or developments that Targa
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 Targa's control, which could cause results to
differ materially from those expected by management of Targa.
Such risks and uncertainties include, but are not limited to, the
timing and extent of changes in commodity prices, interest rates
and demand for services, the level and success of crude oil and
natural gas drilling around assets, the timing and success of
business development efforts, ability to access the capital
markets, the amount of collateral required to be posted from time
to time in transactions, success in risk management activities, the
credit risk of customers, changes in laws and regulations, weather
and other uncertainties. These and other applicable uncertainties,
factors and risks are described more fully in Targa's Annual Report
on Form 10-K for the year ended December 31, 2017 and other reports
filed with the Securities and Exchange Commission. Targa undertakes
no obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise.
Contact the Company's investor relations
department by email at InvestorRelations@targaresources.com or by
phone at (713) 584-1133.
Sanjay LadDirector – Investor Relations
Jennifer KnealeChief Financial Officer
Targa Resources (NYSE:TRGP)
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