Targa Resources ($TRGP) Set to Pay Dividends on August 15, 2023: Key Dates and Analysis
Targa Resources Corp. (TRGP) is set to continue its dividend payment tradition, with an upcoming payout slated for August 15, 2023. The independent midstream natural gas and NGL company has announced a dividend of $0.5 per share, maintaining the amount from its previous payout, which will reward shareholders who have been invested in the company through its recent trading period.
The mechanics of dividends include crucial dates such as the ex-dividend and record dates. In the case of Targa Resources, the ex-dividend date is set for July 28, 2023, and the record date for August 15, 2023. These dates provide key information to investors planning to buy or sell the stock.
The ex-dividend date is typically set a few business days before the record date. This date is crucial as it determines who is eligible for receiving the dividend. If an investor purchases the stock on its ex-dividend date or afterward, they will not be entitled to the next dividend payment. Instead, the dividend will be repossessed by the seller. Conversely, if the stocks are purchased before the ex-dividend date, the buyer will become eligible to receive the upcoming dividends.
Maintaining its dividend at $0.5 per share, the same as the last payment made on May 15, 2023, suggests a degree of stability in Targa's financial performance and a sustained commitment to return capital to shareholders. This consistency could be viewed positively by the market, as dividends are often a sign of a company's healthy financial status and confidence in its future earnings potential.
Dividends can also significantly contribute to an investor's total return over time, particularly in a low-interest-rate environment, and can act as a buffer during market downturns. Therefore, the announcement of Targa Resources' upcoming dividend payment could attract income-focused investors seeking steady and reliable returns.
Nevertheless, investors should not base their decision solely on the dividend payment. A thorough analysis of the company's financial health, growth prospects, and market conditions should also be considered. It's essential to keep in mind that while dividends are beneficial, they are typically a reflection of past performance, and companies can choose to decrease or eliminate them based on changing financial conditions.
As we approach the ex-dividend date, potential investors in Targa Resources must decide whether the dividend payment, along with the company's overall performance and outlook, presents a compelling investment opportunity. Current shareholders, on the other hand, can look forward to the continued return of capital as they hold their position in the company.
The forthcoming dividend payment by Targa Resources underscores its continued commitment to shareholder returns. However, investors should always conduct thorough due diligence, considering both the dividend yield and the fundamental performance of the company, to ensure a balanced and profitable investment strategy.
TRGP in +2.09% Uptrend, advancing for three consecutive days on October 24, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where TRGP advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 421 cases where TRGP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TRGP moved out of overbought territory on October 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 52 similar instances where the indicator moved out of overbought territory. In of the 52 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where TRGP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TRGP as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TRGP turned negative on October 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TRGP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. TRGP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 54, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.116) is normal, around the industry mean (47.044). P/E Ratio (30.664) is within average values for comparable stocks, (16.347). Projected Growth (PEG Ratio) (1.274) is also within normal values, averaging (2.837). TRGP has a moderately low Dividend Yield (0.018) as compared to the industry average of (0.066). P/S Ratio (1.579) is also within normal values, averaging (2.994).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
a provider of midstream natural gas and natural gas liquid services
Industry OilGasPipelines