Yesterday Kinder Morgan Inc. announced a quarterly dividend increase of from $0.45 to $0.48 ($1.92 annualized) per share that’s payable May 15, 2015 to holders of record April 30, 2015. This represents a 14.3 % increase over the first quarter 2014 dividend of $0.42 per share ($1.68 annualized) and a 6.67 % increase over for the first quarter 2015 of $0.45 per share ($1.80 annualized)
With current price $43.43 (yesterday's close), this raise brings their dividend yield to 4.42%.
Since I own 200 shares this will increase my yearly net
dividends by $17.88.
That increase rises my YOC to 5.83 %.
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DH, great one. I always knew when I was purchasing this stock myself a couple years ago that this would be a great deal. I actually purchased KMP originally and now ended up holding KMI when they merged those together last year. But I am not complaining at all!! They plan to pay $2 annually by the end of this year and looks like they will get there easily.
ReplyDeleteGood one DH. You have got a fantastic yield on cost there. I hope they can continue to bless you with more and growing dividends in the quarters and years to come!
ReplyDeleteCheers