Dividends4Life: This Stock Rallies Near Highs; Yields 7.3%

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This Stock Rallies Near Highs; Yields 7.3%

Posted by D4L | Tuesday, June 26, 2018 | | 0 comments »

The company is one of the largest providers of natural gas and natural gas liquids in the U.S. It's considered a midstream company in the oil and gas industry, which involves the transportation, storage and wholesale marketing of crude oil and natural gas.

Targa Resources (TRGP) has one of the highest yields. It also has one of the healthier charts. Targa's latest quarterly dividend of 91 cents a share was paid on May 15. The annualized dividend of $3.64 a share gives it a lofty yield of 7.3%. Targa is in the middle of a sales turnaround that's been going on for several quarters in a row. After a period of declining sales in 2015-2016, mostly due to softness in the price of natural gas, sales growth has ramped up in recent quarters. In the past six quarters, year-over-year sales growth has ranged from 16% to 46%.

Source: investors.com

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