Wednesday, January 21, 2015

KMI raises dividend --- New yield is 4.29%


Today Kinder Morgan announced that it is raising its quarterly dividend to $.45 which is up from $.44 last quarter. It also represents a 9.76% increase from the year ago dividend of $.41.

The ex-dividend date is Jan 29th and the pay date is Feb 17th.

Since I own 233.76 shares, my yearly dividends will increase $9.35 if there are no more increases during the next year.
Posted by at
Labels:

17 comments:

  1. Captain DividendJanuary 21, 2015 at 4:58 PM

    That's about the 10% they have been shooting for. Looking forward to future increases around 10% as well. Great news.

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 22, 2015 at 8:08 AM

      Captain,

      Yeah I like the idea of $2.00 a share in dividends in the next couple of years.

      MDP

      Delete
  2. RyanJanuary 21, 2015 at 8:49 PM

    Nice, gotta like that big raise on an already high yield. I'm so happy with this holding and really want to add more at some point. I wonder if I'm being greedy by wanting it to fall a bit first... Wishing you well!

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 22, 2015 at 8:09 AM

      Ryan,

      High yield and high dividend growth is a perfect combination. I want to add more in the 30s. Of course a year ago I wanted to add more MO in the 30s. :-(

      MDP

      Delete
  3. Roadmap2RetireJanuary 21, 2015 at 10:01 PM

    Thats a nice chunk of KMI in your portfolio, MDP. Congrats on the dividend increase....Im loving it :)

    R2R

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 22, 2015 at 8:10 AM

      R2R,

      Yes it is. One of the few energy positions that I am right-side up on!!!

      MDP

      Delete
  4. Adam @ AdamChudy.comJanuary 22, 2015 at 1:45 AM

    I'm a big fan of KMI. Too bad Rich is retiring.

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 22, 2015 at 8:11 AM

      Adam,

      Tell me about it. Hopefully the business system is successfully set up for many years to come. I am glad the three companies were combined as that should help simplify things in the future.

      MDP

      Delete
  5. Dividend GremlinJanuary 22, 2015 at 9:29 AM

    MDP,

    This is excellent news. I've been long KMI since January of last year, and I must say they consistently impress me, possibly more than any other stock.

    - Gremlin

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 22, 2015 at 10:45 AM

      DG,

      Congrats. It sounds like you picked up shares around the lows of the year. This is probably my favorite business as well.

      MDP

      Delete
  6. Dividend Growth JourneyJanuary 22, 2015 at 5:55 PM

    Nice news. I thought KMI mentioned a $2.00 dividend this year. With the first dividend being 0.45, they need to increase it quite a bit for the remaining quarters. With oil prices being where they are, I am not sure what will happen. Nevertheless, the increase is great with an already yield.

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 22, 2015 at 8:06 PM

      DGJ,

      I am surprised KMI has not fallen like the other energy names in recent months. As far as the $2.00 a share, I thought that was the goal for 2016.

      MDP

      Delete
    2. Dividend Growth JourneyJanuary 29, 2015 at 3:15 PM

      $2.00 goal was for 2015.

      http://news.kindermorgan.com/press-release/2010-present/kinder-morgan-announces-2015-financial-expectations-expects-declare-divid

      Delete
  7. Dividend DiplomatsJanuary 22, 2015 at 11:14 PM

    MDP,

    Nice work catching the increase, always loving it, especially since they do it throughout the year, they have a goal and they will get there. Pumped!

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 23, 2015 at 8:20 AM

      I love the increase also. Hopefully it continues throughout the year!

      MDP

      Delete
  8. A Frugal Family's JourneyJanuary 22, 2015 at 11:30 PM

    We own KMI in our family's portfolio and definitely happy to hear about our first raise of the year. Woohoo!

    AFFJ

    ReplyDelete
    Replies
    1. My Dividend PipelineJanuary 23, 2015 at 8:21 AM

      AFFJ,

      It is certainly exciting news! Hopefully the shares drops a bit in coming months so we can accumulate more shares.

      MDP

      Delete

Subscribe to: Post Comments (Atom)