Stifel Upgrades Kinder Morgan (KMI) to Buy
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Kinder Morgan Declares Dividend of $0.125 for Third Quarter 2016
October 19, 2016 4:05 PM EDTCredit Profile Significantly Enhanced with Net Debt Reduction of Over $2 Billion since Last Quarter
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved a cash dividend of $0.125 per share for the quarter ($0.50 annualized) payable on Nov. 15, 2016, to common shareholders of record as of the close of business on Nov. 1, 2016. KMI expects to declare dividends of $0.50 per share for 2016 and use cash in excess of dividend payments to fund growth investments and strengthen its balance sheet.
KMI continues to make significant progress toward... More
