Targa Resources stock dividend – Targa Resources Declares 0.35 Cash Dividend.

Dividends Yield

Targa Resources stock dividend – TARGA RESOURCES ($NYSE:TRGP) is an energy company that specializes in natural gas, natural gas liquids, and crude oil operations. It is one of the leading midstream operators in the United States, and its assets are located in the Rockies, Permian Basin, North Louisiana, and South Texas. On January 20 2023, the company declared a 0.35 USD cash dividend for its shareholders. This dividend is part of their ongoing commitment to return value to their investors and reinforces their position as a reliable dividend payer. For those looking for stocks with high dividend yields, TARGA RESOURCES may be an attractive option. Over the past three years, they have issued annual dividends per share of 1.15 USD, 0.4 USD, and 1.21 USD, resulting in dividend yields of 1.86%, 1.0%, and 5.67% respectively, with an average yield of 2.84%.

With the upcoming dividend, investors can expect to receive a yield of 2.84% on their investment. The ex-dividend date for the upcoming dividend is January 30 2023, meaning shareholders must purchase the stock prior to that date to be eligible to receive the dividend payment. After that date, the stock will begin to trade without the dividend included in its price. For those looking to invest in TARGA RESOURCES, now may be an opportune time to do so. Overall, TARGA RESOURCES is a reliable dividend payer with a strong track record of issuing dividends over the past three years. With its upcoming 0.35 USD cash dividend and a yield of 2.84%, it may be a good option for investors seeking high dividend yields.

Share Price

On Friday, Targa Resources declared a 0.35 cash dividend for their shareholders. The market responded positively; the stock opened at $75.2 and closed at $75.7, up by 1.1% from its previous closing price of $74.9. This marks a continued positive trend in the stock’s price, which is good news for shareholders who may be looking to make investments in the company. The dividend reflects Targa Resources’ commitment to providing a strong return to its shareholders. The company’s financial performance has been strong over the past year, and the dividend is a sign that the company is confident in its future prospects.

It also highlights the company’s commitment to rewarding shareholders for their investment. Overall, Targa Resources’ decision to declare a 0.35 cash dividend is an encouraging sign for shareholders. The stock opened at an all-time high on Friday and the dividend will provide investors with another source of income. This could be a great opportunity for investors looking to capitalize on the company’s strong financial performance and continued success in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Targa Resources. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Targa Resources. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Targa Resources. More…

Key Ratios Snapshot

Some of the financial key ratios for Targa Resources are shown below. More…

VI Analysis – Targa Resources Intrinsic Stock Value

VI App has made it easier than ever to analyze TARGA RESOURCES‘ fundamentals and determine their long-term potential. Our proprietary VI Line has calculated the intrinsic value of TARGA RESOURCES stock to be around $66.6. At the time of writing, the stock is trading at $75.7, a fair price that is overvalued by 13.6%. By looking at the company’s financials, investors can make an informed decision about buying and selling their stock. The VI app’s detailed analysis of TARGA RESOURCES’ balance sheet, income statement, and cash flow statements can help investors understand the company’s current financial health and its future prospects. In addition, the app provides an intrinsic value for each stock. This value is based on the company’s financials and is used as a metric to gauge whether the stock is currently undervalued or overvalued. In the case of TARGA RESOURCES, the intrinsic value is around $66.6 while the current market price is $75.7, indicating that it is currently overvalued by 13.6%. The VI app is a great way for investors to stay informed about companies like TARGA RESOURCES and ensure they are making the best decisions when it comes to investing. By analyzing the company’s fundamentals and comparing them to its current market price, investors can gain a better understanding of its overall potential and determine whether it is a good investment option for them. More…

VI Peers

The company has a strong presence in the key producing basins in the United States and is well-positioned to capitalize on the growing demand for natural gas. Targa’s competitors include ONEOK Inc, Kinetik Holdings Inc, Anhui Province Natural Gas Development Co Ltd.

– ONEOK Inc ($NYSE:OKE)

ONEOK Inc is a leading midstream service provider in the United States. It has a market cap of 24.61B as of 2022 and a Return on Equity of 28.78%. The company operates in three segments: Natural Gas Gathering, Processing and Transportation; Natural Gas Liquids (NGL) Gathering, Processing, Transportation and Marketing; and Crude Oil Gathering and Transportation. ONEOK is one of the largest independent natural gas processors in the United States, with an average processing capacity of 2.6 billion cubic feet per day in 2020. The company is also one of the largest NGL marketers in the United States and owns one of the largest NGL transportation systems in the country.

– Kinetik Holdings Inc ($NASDAQ:KNTK)

Kinetik Holdings Inc is a publicly traded company with a market capitalization of $1.49 billion as of 2022. The company has a return on equity of 5.46%. Kinetik Holdings Inc is engaged in the business of providing turnkey engineering, procurement and construction services for the development and construction of electric transmission and distribution systems.

– Anhui Province Natural Gas Development Co Ltd ($SHSE:603689)

Anhui Province Natural Gas Development Co Ltd is a Chinese state-owned enterprise that engages in the development and operation of natural gas projects. The company has a market cap of 3.45 billion as of 2022 and a return on equity of 7.42%. The company’s main business activities include the exploration, development, production, and sales of natural gas.

Summary

TARGA RESOURCES is an attractive stock for investors seeking dividend yields. Over the past three years, the company has issued annual dividends per share of 1.15 USD, 0.4 USD, and 1.21 USD, resulting in dividend yields of 1.86%, 1.0%, and 5.67% respectively, with an average yield of 2.84%. The company offers a regular income stream, as well as potential capital gains if the stock price rises over time. Investors should assess their risk appetite and consider other investment options before committing to TARGA RESOURCES.

They should also look out for the upcoming ex-dividend date of January 30 2023 and take into account any potential changes to the company’s financial performance that could affect their dividend payments. Overall, TARGA RESOURCES presents an opportunity for investors looking for steady income and potential capital gains.