Targa Resources Corp. (NYSE: TRGP) is classified as a corporation for U.S. federal income tax purposes. TRGP shareholders receive an annual IRS Form 1099-DIV for their dividend income.
Given its classification as a corporation for U.S. federal income tax purposes, TRGP pays a qualified dividend, which will generally be included in an investor’s ordinary dividend income. Please consult a tax advisor about the tax consequences of dividend earnings and refer to “Material U.S. Federal Income Tax Consequences” section of Form S-4 filed with the SEC on December 3, 2015.
At this time, Targa Resources Corp does not have a direct purchase plan. Shares can be purchased through the brokerage firm of your choice.
No, Targa Resources Corp does not have a DRIP.
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