Kinder Morgan (KMI) Tops Q1 EPS by 28c

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Go back to Kinder Morgan (KMI) Tops Q1 EPS by 28c

Kinder Morgan Increases Dividend Five Percent and Announces Results for First Quarter of 2020

April 22, 2020 4:05 PM EDT

HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc.s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the first quarter ($1.05 annualized), payable on May 15, 2020, to common stockholders of record as of the close of business on May 4, 2020. This dividend represents a 5 percent increase over the fourth quarter 2019.

KMI is reporting first quarter net loss attributable to KMI of $306 million, compared to net income attributable to KMI of $556 million in the first quarter of 2019; and distributable cash flow (DCF) of $1,261 million, an 8 percent decrease over the first quarter of... More