Targa Resources (TRGP) has raised its quarterly dividend payment by 733% to $1 U.S. per share, totaling $4 U.S. per share annually.
The dividend increase is part of the company's commitment to returning value to shareholders.
Analysts at Barclays Bank and JPMorgan Chase have raised their price targets on TRGP stock following the significant dividend increase.
Targa Resources is set to release its second-quarter financial results on Aug. 7, 2025. TRGP stock has shown strong growth in the Permian Basin region of Texas and globally.