Monday, October 22, 2012
Kinder Morgan Increases Dividend
Well that didn't take long! I started a KMI position less than two weeks ago and it already boosted its dividend. This increase is only 1 cent, but I'll take it. A 1 cent increase does not impress me, however Kinder Morgan Inc managed to raise its dividend each quarter in 2012. In total the payouts per share are 20% higher than they were one year ago. That's impressive, especially when you consider it is currently paying around a 4% yield. Maintaining a dividend growth rate of 20% is probably not realistic but I do expect double digit future increases. I listened to the conference call and KMI appears to have many growth and expansion opportunities which could lead to higher cash payouts.
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