TRGP Ex-Dividend Reminder - 1/23/14

Looking at the universe of stocks we cover at Dividend Channel, on 1/23/14, Targa Resources Corp ( TRGP) will trade ex-dividend, for its quarterly dividend of $0.6075, payable on 2/18/14. As a percentage of TRGP's recent stock price of $89.30, this dividend works out to approximately 0.68%, so look for shares of Targa Resources Corp to trade 0.68% lower — all else being equal — when TRGP shares open for trading on 1/23/14.

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Below is a dividend history chart for TRGP, showing historical dividends prior to the most recent $0.6075 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 2.72% 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:

Targa Resources Corp 200 Day Moving Average Chart

Looking at the chart above, TRGP's low point in its 52 week range is $58.55 per share, with $91.50 as the 52 week high point — that compares with a last trade of $89.33.

According to the ETF Finder at ETF Channel, TRGP makes up 4.85% of the MLP and Energy Infrastructure ETF ( MLPX) which is trading up by about 1.2% on the day Tuesday.

In Tuesday trading, Targa Resources Corp shares are currently up about 1.2% on the day.

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