Targa Resources Partners LP (NYSE:NGLS.PA) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.1875 per share by the pipeline company on Monday, July 15th. This represents a $2.25 annualized dividend and a yield of 8.33%. The ex-dividend date is Thursday, June 27th.

Shares of NYSE:NGLS.PA opened at $27.02 on Tuesday. Targa Resources Partners has a 1-year low of $8.91 and a 1-year high of $47.71. The stock’s 50-day moving average price is $27.13.

Targa Resources Partners Company Profile

Targa Resources Partners LP is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States with a presence in crude oil gathering and petroleum terminaling. The Company is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to liquefied petroleum gas (LPG) exporters; gathering, storing and terminaling crude oil, and storing, terminaling and selling refined petroleum products.

Further Reading: Forex

Dividend History for Targa Resources Partners (NYSE:NGLS.PA)

Receive News & Ratings for Targa Resources Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Targa Resources Partners and related companies with MarketBeat.com's FREE daily email newsletter.