Kinder Morgan (KMI) Raises Quarterly Dividend 10.3% to $0.32; 3.4% Yield

Kinder Morgan (NYSE: KMI) declared a quarterly dividend of $0.32 per share, or $1.28 annualized. This is a 10.3% increase from the prior dividend of $0.29.

The dividend will be payable on May 16, 2012, to stockholders of record on April 30, 2012, with an ex-dividend date of April 26, 2012.

The annual yield on the dividend is 3.4 percent.

Chairman and CEO Richard D. Kinder said, “KMI had a very good quarter, benefiting from the performance of our publicly traded limited partnership, Kinder Morgan Energy Partners (NYSE: KMP). KMI’s future growth will continue to be driven by KMP, which expects an 8 percent increase in declared cash distributions per unit for 2012 versus 2011, and continues to generate stable and incremental cash flow from its diversified assets. Approximately 99 percent of the distributions KMI currently receives are attributable to KMP.”

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

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