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.


  1. DGM,

    I'm loving KMI here.

    Best wishes.

    1. Dividend Mantra: Indeed -- I wish I owned more shares!

    2. I wish I could buy more here but I'm low on funds and KMI currently makes up almost 7% of my portfolio and energy in general makes up around 37% because of my ESPP shares. I can't wait til next June when I can start unloading them every 6 months and have it all taxed as long term capital gains. Of course that's subject to change based on how the market behaves between now and the end of the year and what the tax situation is looking like for next year.

      Yet another fine article DGM.

    3. Passive Income Pursuit: Energy is still a small part of my portfolio, so hopefully KMI will be at an attractive price the next time I am in a position to buy shares.