Wednesday, October 17, 2012
Dividend Increase: KMI
Kinder Morgan, Inc. (KMI) is increasing its quarterly dividend by 2.9%, from $0.35 to $0.36 per share. Its dividend has been increased every quarter in 2012, resulting in an overall increase of 20% compared with the last quarter of 2011. Given that I own 40 shares of KMI, my quarterly dividend increases from $14.00 to $14.40, which will add an extra $1.60 to my annual dividend income. This dividend increase also boosts my yield on cost to 4.11%. Thus far this year, there have been dividend increases for 23 of the 25 dividend growth stocks in my portfolio.