Targa Stock To Go Ex-dividend Tomorrow (TRGP)

NEW YORK ( TheStreet) -- The ex-dividend date for Targa Resources (NYSE: TRGP) is tomorrow, April 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 37 cents per share. At a price of $44.95 as of 9:34 a.m. ET, the dividend yield is 3.2%.

The average volume for Targa has been 196,700 shares per day over the past 30 days. Targa has a market cap of $1.91 billion and is part of the utilities sector and utilities industry. Shares are up 11.1% year to date as of the close of trading on Tuesday.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company has a P/E ratio of 60.9, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Targa as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and poor profit margins. You can view the full Targa Ratings Report.

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