By Katherine Hamilton
Targa Resources raised its dividend 25% to $1.25 a share.
The Houston natural-gas company has previously said it planned to recommend to its board a dividend increase of that amount.
It plans to pay the cash dividend on May 15 to shareholders of record as of April 30.
The new payout, equal to $5 a year, represents an annual yield of 2.1% based on Thursday's closing price of $239.81.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 16, 2026 18:10 ET (22:10 GMT)
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