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

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

Kinder Morgan Increases Dividend 3 Percent and Raises 2021 Guidance

April 21, 2021 4:05 PM EDT

HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc.s (NYSE: KMI) board of directors today approved a cash dividend of $0.27 per share for the first quarter ($1.08 annualized), payable on May 17, 2021, to stockholders of record as of the close of business on April 30, 2021. This dividend represents a 3% increase over the fourth quarter of 2020.

KMI is reporting first quarter net income attributable to KMI of $1,409 million, compared to a net loss attributable to KMI of $306 million in the first quarter of 2020; and distributable cash flow (DCF) of $2,329 million, compared to $1,261 million in the first quarter of... More