Kinder Morgan (KMI) Raises Quarterly Dividend 2.8% to $0.2775; 5.6% Yield
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Kinder Morgan Increases Dividend to $0.2775 Per Share Per Quarter and Announces Results for First Quarter of 2022
April 20, 2022 4:05 PM EDTHOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc.s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the first quarter ($1.11 annualized), payable on May 16, 2022, to stockholders of record as of the close of business on May 2, 2022. This dividend is a 3% increase over the first quarter of 2021 and marks the fifth consecutive annual increase.
KMI is reporting first quarter net income attributable to KMI of $667 million, compared to $1,409 million in the first quarter of 2021; and distributable cash flow (DCF) of $1,455 million, compared to $2,329 million in the first quarter of 2021. Adjusted... More
