I added 37 additional shares of Kinder Morgan, Inc to my portfolio. This purchase will increase my annual income by $53.28 and comes with a respectable 4.22% yield after brokerage fees. KMI already has a hefty dividend, it's exciting to think where the YOC might end up 2-3 years from now. I already discussed my thoughts on Kinder Morgan last month, but will note I got in at a slightly better price in round 2. There may be a 3rd or 4th round of KMI purchases if the stock continues to decline in price. I think KMI will perform well over the next 10 years and possibly beyond if the US becomes more dependant on natural gas. There are plenty of natural gas reserves and plenty of potential projects/expansions with this one. Kinder Morgan is pretty ambitious!
I plan to make at least one more purchase in November. I'm currently looking at the following companies: APD, MCD, NSC, RSG. Perhaps KO or O if they fall a little bit. Quite a few tempting selections on this menu.
Nice purchase -- I'm also thinking of increasing my position in KMI. I only have enough cash for one purchase this month, though, so I may wait a bit to see whether any other opportunities become more attractive.
ReplyDeleteSounds very prudent. I had an unexpected infusion of capital a couple days ago and need to put some money to work. It's a rough problem to have. haha
DeleteNice buy. KMI is on my watchlist right now along with several other companies. I do think natural gas will play a huge role in the future for the US. With the new "fracking" technology that has led to large supplies and low natural gas prices, I think it's just a matter of time before we start consuming more natural gas.
ReplyDeleteI have an Intel put that expires soon and will likely get assigned so I have to keep enough cash for that purchase. That may be my only other purchase this month. Take care.
I do want to add even more to my KMI position, but I have to be careful because I own a lot of energy stocks. I'll be looking to buy more Kinder Morgan and then cool it for a while.
DeleteGreat buy. I love this business. Just extremely well run, and their pipelines will only become more and more valuable as natural gas takes off in more applications here in the U.S.
ReplyDeleteWould love to add to my 100 shares. So many equities, so little capital! :)
Best wishes.
Yes I like the business a lot. I'm still not sure if I'm over paying for the shares, but I do see a lot of potential and yield. I'll be interested to see what your next move will be.
DeleteCount me in as well! Gotta love KMI, especially at these prices. I'm also looking at a few of the same stocks you listed above. Lots of good deals these days.
ReplyDeleteWe'll see what unfolds post election. I'll be on the lookout to find an attractive company to invest in.
DeleteI just bought into KMI myself and am very excited about it. Missed the ex-dividend date but that's short term stuff.
ReplyDeleteNice. This KMI purchase missed the ex-date too. Not a big deal really.
DeleteOne thing I like about Kinder Morgan is that when they forecast specific dividends they aren't lying. I think they missed their target once in the past 10 years and it was by like 2 cents. Things like that really impress me. I like specifics and I like results!
The dividend Kinder Morgan pays seems reasonable. I was just wondering how many companies are their that have increased their dividends regularly for 30 40 or even 50 years in a row.
DeleteHere is the list for 50 years: MMM(54), AWR(58), CINF(52), KO(50), DBD(59), DOV(57), EMR(56), GPC(56), JNJ(50), LANC(50), LOW(50), NWN(57), PH(56), PG(56), VVC(53).
DeleteGo here for more info, it's free! http://dripinvesting.org/tools/tools.asp Check out the US dividend champions spreadsheets, it lists all companies with streaks of 5 years or more. Champions are 25+, contender 10-24, challengers 5-9.
Most of my holdings are on those lists, but not all.