NEW YORK ( TheStreet) -- The ex-dividend date for Targa Resources Partners (NYSE: NGLS) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $42.11 as of 9:30 a.m. ET, the dividend yield is 6%. The average volume for Targa has been 312,900 shares per day over the past 30 days. Targa has a market cap of $3.68 billion and is part of the basic materials sector and energy industry. Shares are up 11.9% year to date as of the close of trading on Tuesday. Targa Resources Partners LP provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Natural Gas Gathering and Processing, and Logistics and Marketing. The company has a P/E ratio of 21.1, above the average energy industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7.
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