Targa Resources, Inc. ( TRGP ) will begin trading ex-dividend on October 30, 2018. A cash dividend payment of $0.91 per share is scheduled to be paid on November 15, 2018. Shareholders who purchased TRGP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 13th quarter that TRGP has paid the same dividend. At the current stock price of $51.44, the dividend yield is 7.08%.
The previous trading day's last sale of TRGP was $51.44, representing a -13.12% decrease from the 52 week high of $59.21 and a 27.25% increase over the 52 week low of $40.43.
TRGP is a part of the Public Utilities sector, which includes companies such as Enterprise Products Partners L.P. ( EPD ) and Enbridge Inc ( ENB ). TRGP's current earnings per share, an indicator of a company's profitability, is $.46. Zacks Investment Research reports TRGP's forecasted earnings growth in 2018 as 168.9%, compared to an industry average of 1.7%.
Interested in gaining exposure to TRGP through an Exchange Traded Fund [ETF]?
The following ETF(s) have TRGP as a top-10 holding:
- Alerian Energy Infrastructure ETF ( ENFR )
- Invesco S&P High Income Infrastructure ETF ( GHII )
- Invesco DWA Energy Momentum ETF ( PXI )
- WisdomTree U.S. Dividend ex-Financials Fund ( DTN )
- WisdomTree U.S. MidCap Dividend Fund ( DON ).
The top-performing ETF of this group is DTN with an decrease of -4.72% over the last 100 days. ENFR has the highest percent weighting of TRGP at 5.19%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.