Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of 60.75 cents per share, or $2.43 per common share on an annualized basis, for the fourth quarter 2013. The approved dividend represents increases of approximately 7% over the previous quarter's dividend and 33% over the dividend for the fourth quarter 2012.

This cash dividend will be paid February 18, 2014 on all outstanding common shares to holders of record as of the close of business on January 27, 2014.