Today KMI announced a quarterly dividend of $0.44 per share, or $1.76 annualized. This is a
2.3% increase from the prior dividend of $0.43.
The dividend will be payable on November
17, 2014 with an ex-dividend
date of October 29, 2014.
Since I own 232.72 shares this will increase my yearly dividends by $9.31 assuming no further increases for the next year.
The market continues to be highly volatile which means better opportunites for long term investors. I almost pulled the trigger on TD and UL today but held off. I plan on making weekly purchases and will try to avoid catching falling knives. My fingers already have enough cuts on them . :-)
In all seriousness, I feel good about this pullback and will continue to average down in positions that I feel are undervalued.
I love it! Long KMI!
ReplyDeleteTawcan,
DeleteI love it too!
MDP
MDP,
ReplyDeleteSince the last dividend of 2013 - the increase has been over 7% so far this year - I am loving it - from $0.41 to $0.44. Also - the slide back in the market has made this yield look even more attractive. Further, I know management has plans to increase a strong dividend going forward as well. Thanks for posting this!
-Lanny
Lanny,
DeleteThe future looks bright for KMI. Slow and steady dividend increases is the name of the game!
MDP
Thanks for pointing this out! It will add $6.65 yearly for me. My first purchase of KMI in 4/2013 has now increased dividends at a CAGR of 7.61%. For an already pretty yield, that's a great number to have!
ReplyDeleteScott,
DeleteHigh yield and consistent dividend growth is awesome! KMI is definitely one of the better performing companies in the energy space right now.
MDP
Anyone not familiar with KMI would think this to be an underwhelming increase but KMI has been doing multiple raises each year for some time now. These increases add up to some very nice increases for a stock that already has an impressive yield to begin with. Long KMI.
ReplyDeleteCD
Captain,
DeleteKMI's performance is amazing and seems to have an equally bright future. At 5% and steady dividend growth, I may start adding more shares at these levels.
MDP
Love the increases every quarter. Enjoy the raise, fellow shareholder.
ReplyDeleteR2R
R2R,
DeleteThanks buddy. I hope you enjoy the raise along with futures raises as well.
MDP
Tip of my hat to Mr. Kinder! And also to this pullback - hope it continues downward!
ReplyDeleteSeraph,
DeleteBargains are all around us right now. Hopefully they will last!
MDP
MDP,
ReplyDeleteExcellent. I've only had KMI since the beginning of year and its been awesome thus far! I agree on the pull back being a great time to get in the game more. It is always interesting to watch bigger players or people who get frightened back out, only to allow long term players to just eat up more shares.
- Gremlin
DG,
DeleteYou are correct. Long term investors need to enjoy this opportunity to add more quality names to their portfolios.
MDP
Nice increase. I don't own KMI, but own KMP. KMP also increased the distribution compared to prev quarter and since they are all going to be consolidated as KMI by the end of the year, I like this increase.
ReplyDeleteRegarding UL, I just initiated a position in Unilever (UN) yesterday. I am still not sure about where the market is going to go and it could drop further, but Unilever at 4% yield was too attractive.
DGJ,
DeleteNice job with Unilever. I am going to add to some underweight positions right now, but I really like the way UL looks under $40.
MDP
Nice. I own it too.. Modest but hey its in the right direction!
ReplyDeleteAG,
DeleteNothing like a slow and steady march. I'll take it.
MDP
MDP,
ReplyDeleteI made my first KMI purchase earlier this year and since it has grown to one of my largest holdings. Can't go wrong with dividend raises on top of an already meaty yield when the cash flow is there.
DWC
DWC,
DeleteThat's great to hear that you own some shares of KMI. I too love the strong cash flow and the repeated dividend raises. I wish that I had bought some more shares last week when the price was in the $33 range.
MDP