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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