It looks like Targa Resources Corp. (NYSE:TRGP) is about to go ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Targa Resources’ shares on or after the 29th of April will not receive the dividend, which will be paid on the 15th of May.
The company’s next dividend payment will be US$0.75 per share, and in the last 12 months, the company paid a total of US$2.00 per share. Based on the last year’s worth of payments, Targa Resources has a trailing yield of 2.6% on the current stock price of US$116.01. We love seeing companies pay a dividend, but it’s also important to be sure that laying…
