Targa Resources Declares $1.00 Per Share Quarterly Dividend

2025-07-12 companies

Houston, Friday, 11 July 2025.
Targa Resources Corp. has announced a $1.00 quarterly dividend per share for Q2 2025, underscoring its commitment to shareholder value and consistent dividend payout reputation.

Quarterly Dividend Announced

On July 10, 2025, Targa Resources Corp. (NYSE: TRGP) declared a quarterly cash dividend of $1.00 per common share for the second quarter of 2025, emphasizing its dedication to maintaining a high dividend payout rate. This payout is set to occur on August 15, 2025, targeting shareholders who are recorded by July 31, 2025 [1][2].

Earnings Webcast Timing

In conjunction with the dividend announcement, Targa Resources also scheduled its Q2 2025 earnings report and corresponding webcast for August 7, 2025, at 11:00 AM Eastern Time. This webcast will follow the release of the company’s financial results earlier that day, affording investors an opportunity to engage with the company’s latest performance metrics [2].

Market Position and Financial Metrics

Targa Resources, a prominent entity in the midstream services sector, is recognized for connecting natural gas and Natural Gas Liquids (NGLs) to both domestic and international markets. The company’s standing in the FORTUNE 500 and S&P 500 further underscores its influence in the North American energy infrastructure landscape [3]. As of July 11, 2025, Targa’s stock closed at $171.89, reflecting a +0.67% change for the day [4]. The company’s market capitalization stands at $37.29 billion, with a P/E ratio of 31.66, indicating its robust market presence. Furthermore, with a projected earnings growth of 19.26%, Targa Resources presents a promising trajectory for its investors [5].

Investor Confidence and Future Prospects

The continuous increase in Targa’s dividend over the past five years highlights its steady growth and commitment to delivering shareholder returns. With an annual dividend rate of $4.00 per share, the company offers a yield of 2.33%, which appeals to income-focused investors [6]. Despite broader market challenges, Targa Resources remains optimistic about its future, as evidenced by ten Wall Street firms affirming a ‘Buy’ rating for TRGP stock. Analysts’ target prices range from $195.0 to $212.0, indicating confidence in the company’s strategic direction and operations [2].

Sources

dividend announcement Targa Resources