Targa Resources Corp. (TRGP) Raises Quarterly Dividend 6% to $0.3075; 3.9% Yield

Targa Resources Corp. (NYSE: TRGP) declared a quarterly dividend of $0.3075 per share, or $1.23 annualized. This is a 6% increase from the prior dividend of $0.29.

The dividend will be payable on November 15, 2011, to stockholders of record on October 21, 2011, with an ex-dividend date of October 19, 2011.

The annual yield on the dividend is 3.9 percent.

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