Targa Resources Partners (NGLS) Raises Quarterly Dividend 0.6% to $0.8250; 8.6% Yield

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Targa Resources Announces Increase in Quarterly Dividend and Distribution

July 21, 2015 5:08 PM EDT

HOUSTON, July 21, 2015 (GLOBE NEWSWIRE) -- Targa Resources Corp. ("TRC" or the "Company") (NYSE: TRGP) and Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") (NYSE: NGLS) announced their respective quarterly dividend and distribution for the second quarter of 2015.

Targa Resources Corp. announced today that its board of directors has declared a quarterly cash dividend of 87.50¢ per share, or $3.50 per common share on an annualized basis, for the second quarter 2015. The approved dividend represents increases of approximately 5% over the previous quarter's dividend and 27% over the dividend for the... More