Kinder Morgan raises outlook as profit surges on winter storm demand

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Go back to Kinder Morgan raises outlook as profit surges on winter storm demand

Kinder Morgan (KMI) Raises Quarterly Dividend 2.9% to $0.27; 6.5% Yield

April 21, 2021 5:23 PM EDT

Kinder Morgan (NYSE: KMI) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is a 2.9% increase from the prior dividend of $0.2625.

The dividend will be payable on May 17, 2021, to stockholders of record on April 30, 2021, with an ex-dividend date of April 29, 2021.

The annual yield on the dividend is 6.5 percent.

Apart from the storm and throughout the quarter, our assets continued to provide strong cash flow as we remain guided by a sound corporate philosophy: fund our capital needs internally, maintain a healthy balance sheet, and return excess cash to our shareholders... More