Kinder Morgan (KMI) Raises Quarterly Dividend 15.9% to $0.51; 6.5% Yield
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Kinder Morgan Increases Quarterly Dividend to $0.51 Per Share, up 16%
October 21, 2015 4:05 PM EDTKMI Remains on Track to Meet its Full-Year Dividend Target of $2.00 Per Share with Substantial Excess Cash Coverage
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved an increase in its quarterly cash dividend to $0.51 ($2.04 annualized) payable on Nov. 13, 2015, to shareholders of record as of the close of business on Nov. 2, 2015. This represents a 16 percent increase over the third quarter 2014 dividend of $0.44 per share ($1.76 annualized) and is up from $0.49 per share ($1.96 annualized) for the second quarter of 2015. This is KMIs 15th quarterly dividend... More
