Targa Resources Corp.’s board of directors has declared a quarterly cash dividend of $0.50 per common share, or $2.00 per common share on an annualized basis, the company announced in a July 13 news release.

The dividend will be payable on August 15 to all stockholders of record at the end of business on July 31. In addition, the company will report its second quarter financial results in a live webcast on August 3.

Targa Resources Corp. is a midstream company based in North America.