Wednesday, July 15, 2015
KMI raises dividend 2.08% --- New yield is 5.23%
Today KMI announced yet another dividend increase. The quarterly dividend will increase from $.48 to $.49. The new yield is 5.23%.
Even though the share price has mostly increased over the last year or so, I think this is the highest yield I have seen. I believe even when the price was in the low 30s last year the dividend was around $.42 so the yield was around 5%. I may have to start adding to my position again.
The ex-dividend date is July 29th and the pay date is August 14th.
Since I currently own 235.84 shares, my yearly dividends will increase by $9.43.