Targa Resources Partners (NGLS) Raises Quarterly Dividend 2.2% to $0.7975; 5% Yield

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Targa Resources Announces Increase in Quarterly Dividend and Distribution

October 23, 2014 5:31 PM EDT

HOUSTON, Oct. 23, 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 third quarter of 2014.

Targa Resources Corp. announced today that its board of directors has declared a quarterly cash dividend of 73.25¢ per share, or $2.93 per common share on an annualized basis, for the third quarter 2014. The approved dividend represents increases of approximately 6% over the previous quarter's dividend and 29% over the dividend for the... More