Kinder Morgan (KMI) Q1 Revenue Falls Short, Offers Outlook
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Kinder Morgan Generates More Than $1.2 Billion of Distributable Cash Flow for First Quarter 2016
April 20, 2016 4:05 PM EDT$954 Million of Cash in Excess of Declared Dividends Generated in the Quarter
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved a quarterly cash dividend of $0.125 ($0.50 annualized) payable on May 16, 2016, to shareholders of record as of the close of business on May 2, 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.
Despite continued headwinds in our industry, we are pleased with KMI's performance... More
