Thursday, October 22, 2015

Dividend Increase – Kinder Morgan Inc. (KMI)


Yesterday Kinder Morgan Inc. announced a quarterly dividend increase of from $0.49 to $0.51 ($2.04 annualized) per share that’s payable November 13, 2015 to holders of record November 2, 2015. This represents a 15.9 % increase over the second quarter 2014 dividend of $0.44 per share ($1.76 annualized) and a 4.08 % increase over for the second 2015 of $0.49 per share ($1.96 annualized)

With current price $31.42 (yesterday's close), this raise brings their dividend yield to 6.49%. 

Since I own 200 shares this will increase my yearly net dividends by $11.92.

That increase rises my YOC to 6.19 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long KMI

4 comments:

  1. We own KMI and looking forward to the upcoming raise. In the short term, there may be an opportunity to pick up some shares as their recent news of slower dividend growth hit the stock price pretty hard today. Looking to add more shares if the stock dips into the mid 20s or below.

    Big or Small, cheers to dividend increases! AFFJ

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    1. I don't think it was the slower dividend growth that hurt the stock as much as the big earnings miss. Even at the low end of 6-10% dividend growth they forecasted it's still very impressive considering the yield is well over 6% here. I'd be adding here if I already didn't own a full position.

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  2. Yes! I hope it stays beaten down for a few more weeks so I can pick up more shares.

    JT

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