Yesterday Kinder Morgan announced a quarterly dividend increase of from $0.43 to $0.44 per share that’s payable November 17, 2014 to holders of record October 31, 2014. This is a 2.3% increase from the prior dividend of $0.43. With current price $34.68 (today's open), this raise brings their dividend yield to 5.07%
Since I own 200 shares, this will increase my yearly net
dividends by $5.96.
That increase rises my YOC to 5.34%
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With 200 shares, shouldnt your increase be $8?
ReplyDeleteHi R2R
DeleteYou are right, it's $8, but after a 25.5% tax payment, my net increase is $5.96.
Cheers,
DH
Always like to hear increase news!
ReplyDeleteI love KMI. Great company that is always focused on rewarding it's shareholders. It always helps when senior management's compensation is tied directly to dividend income. Hopefully you be continue to write about atheist dividend increase each quarter!
ReplyDeleteBert, one of the Dividend Diplomats
DH - We are follow shareholders so this is great news to our ears. The increase is not huge, but KMI has raise their dividend .01 each quarter this year. Personally, I'm glad they raised the dividends incrementally each quarter as opposed to waiting until the end to bundle the raises into one large raise.
ReplyDeleteEither way, a raise is still a raise so I say keep them coming KMI! :) AFFJ
Hi AFFJ
DeleteI totally agree with you!
Cheers,
DH