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.
DEFY MEDIOCRITY
Sitting in the Corpus Christi airport, I must say this is welcome news!
ReplyDeleteI did get a good tour of Texas, all too fast though...
- Gremlin
DG,
DeleteI would say your tour peaked while you were in Austin. Texas is a diverse state with a lot to see.....oh and how about that July heat and humidity! :-)
MDP
MDP
MDP,
ReplyDeleteGreat news from KMI. What's cool is they will make it 0.50 next quarter, as that was the goal by the end of the year to have 2 in forward dividend income I believe. Growth rate has been great since 12/31/14 from 0.44 to 0.49 already, not complaining.
-Lanny
Lanny,
Delete$2.00 is within our grasp! I can't wait until it reaches $4.00.
MDP
Thanks for sharing! This is exciting dividend growth... Right now, I don't own shares of KMI in DivGro, so news like this (and the consequential high yield) certainly makes me interested!
ReplyDeleteCheers
FerdiS
FerdiS,
DeleteI haven't added shares for over a year, but am seriously considering adding to my position. I will keep an eye on my overall allocation so I don't get too deep into energy.
MDP
Loving these quarterly raises ! Right on target for $2.00 by years end.
ReplyDeleteCD,
Delete$2.00 looks likes it will be coming soon. Next stop....$3.00!!!
MDP