Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of 91.00 cents per share, or $3.64 per common share on an annualized basis, for the fourth quarter 2016. The approved dividend is unchanged from the previous quarter.

This cash dividend will be paid February 15, 2017 on all outstanding common shares to holders of record as of the close of business on February 1, 2017. Targa also announced that its board of directors has declared a quarterly cash dividend of $23.75 per Series A preferred share. This cash dividend will be paid February 14, 2017 on all outstanding Series A preferred shares to holders of record as of the close of business on February 1, 2017.