Looking at the universe of stocks we cover at Dividend Channel, on 4/24/14, Targa Resources Corp (TRGP) will trade ex-dividend, for its quarterly dividend of $0.6475, payable on 5/16/14. As a percentage of TRGP's recent stock price of $108.31, this dividend works out to approximately 0.60%, so look for shares of Targa Resources Corp to trade 0.60% lower — all else being equal — when TRGP shares open for trading on 4/24/14.
Below is a dividend history chart for TRGP, showing historical dividends prior to the most recent $0.6475 declared by Targa Resources Corp:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TRGP is likely to continue, and whether the current estimated yield of 2.39% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TRGP shares, versus its 200 day moving average:Looking at the chart above, TRGP's low point in its 52 week range is $60.01 per share, with $109.03 as the 52 week high point — that compares with a last trade of $108.67.
According to the ETF Finder at ETF Channel, TRGP makes up 4.79% of the MLP and Energy Infrastructure ETF (MLPX) which is trading higher by about 0.2% on the day Tuesday. In Tuesday trading, Targa Resources Corp shares are currently down about 0.5% on the day.