Targa Resources Partners (NGLS) Raises Quarterly Dividend 1% to $0.78; 4.7% Yield

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Targa Resources Announces Increase in Quarterly Dividend and Distribution

July 15, 2014 5:20 PM EDT

HOUSTON, July 15, 2014 (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 2014.

Targa Resources Corp. announced today that its board of directors has declared a quarterly cash dividend of 69.00¢ per share, or $2.76 per common share on an annualized basis, for the second quarter 2014. The approved dividend represents increases of approximately 7% over the previous quarter's dividend and 30% over the dividend for the... More