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Targa Resources Corp. Message Board

  • mizzou1966 mizzou1966 Oct 8, 2013 1:19 PM Flag

    Dividend announcement is due Wednesday, Oct 16.

    Targa twins should be announcing the dividends and distributions next Wednesday, plus or minus a day. I'm looking for a 7% increase for TRGP form .5325 to .57 per share. This would be an annual rate of 2.28 (yield of 3.11% based on yesterday's close of 73.31). Also expect Q3 earnings and 2014 forecasts for the twins in very early November. I still rate TRGP a buy, but a weak buy, until we get the dividend announcement and see the Q3 earnings and 2014 forecast presentation. Still looking for 95 as a YE 2014 target price. That would give a ~35% total return from the current price. GL

    Sentiment: Buy

42.72-0.28(-0.65%)May 27 4:02 PMEDT