Kinder Morgan (KMI) Reports Q2 EPS of 15c, Increases Dividend

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Go back to Kinder Morgan (KMI) Reports Q2 EPS of 15c, Increases Dividend

Kinder Morgan (KMI) Raises Quarterly Dividend 14% to $0.49; Updates on Outlook

July 15, 2015 4:06 PM EDT

Kinder Morgan (NYSE: KMI) declared a quarterly dividend of $0.49 per share, or $1.96 annualized. This is a 14% increase from the prior dividend of $0.43.

The dividend will be payable on August 14, 2015, to stockholders of record on July 31, 2015, with an ex-dividend date of July 29, 2015.

The annual yield on the dividend is 5.2 percent.

We are pleased with the large increase in our project backlog which demonstrates our continued ability to leverage our unparalleled asset footprint and provides additional support for future growth, said Executive Chairman Richard D. Kinder. For the second quarter, KMI had steady... More