U.S. Markets open in 5 hrs 29 mins

Targa Resources increases quarterly dividend by 8% over previous quarter

Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of 45.75¢ per share, or $1.83 per common share on an annualized basis, for the fourth quarter 2012. The approved dividend represents increases of approximately 8% over the previous quarter's dividend and 36% over the dividend for the fourth quarter 2011. This cash dividend will be paid February 15, 2013 on all outstanding common shares to holders of record as of the close of business on January 28, 2013.