Kinder Morgan (KMI) Declares $0.125 Quarterly Dividend; 2.6% Yield

Kinder Morgan (NYSE: KMI) declared a quarterly dividend of $0.125 per share, or $0.5 annualized.

The dividend will be payable on February 15, 2018, to stockholders of record on January 31, 2018, with an ex-dividend date of January 30, 2018.

The annual yield on the dividend is 2.6 percent.

“Kinder Morgan thrived in 2017. We had very good financial performance despite facing continued strong headwinds (including an epic rain event), we strengthened the balance sheet beyond our original projections, and we announced our plan to return value to shareholders through an increasing dividend and a $2 billion share repurchase program. Our previously announced 2018 guidance, with $0.80 dividends to be declared for 2018, and the early start to our share repurchases, which we began in December 2017, shows our commitment to that plan. We are highly confident in our ability to maintain robust dividend coverage while delivering a substantial dividend increase to stockholders out of operating cash flows in excess of growth capital. And of course we will continue the important work of strengthening our balance sheet by funding all growth capital through operating cash flows with no need for external funding for growth capital for the third straight year,” said Richard D. Kinder, Executive Chairman.

For a dividend history and other dividend-related data on Kinder Morgan (KMI) click here.

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