Q2 Dividends Declared for Targa Twins
The dividends are continuing to flow at the closely related companies Targa Resources and Targa Resources Partners . Q2 distributions for both have been declared; the former will hand out $0.5325 per share on Aug. 15 to shareholders of record as of July 29, while Targa Resources Partners is to dispense $0.7150 per unit on Aug. 14 to holders of record as of July 29.
Both payouts represent increases over the previous quarter's distributions. For Q1, Targa Resources paid $0.495, making its just-declared dividend 7.6% higher. Those numbers for Partners are $0.6975 and 2.5%, respectively.
Targa Resources' new distribution annualizes to $2.13 per share. That yields 3.2% at the stock's most recent closing price of $67.28. Partners' figures are a respective $2.86, 5.4%, and $52.59.
The article Q2 Dividends Declared for Targa Twins originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.