Wednesday, July 17, 2013
Dividend Increase: KMI
Kinder Morgan, Inc. (KMI) is increasing its quarterly dividend by 5.3%, from $0.38 to $0.40 per share (news release). This is the third increase from KMI this year, resulting in an overall increase of 11.1% in 2013. Given that I own a total of 90 shares of KMI (40 in my taxable account and 50 in my Roth IRA), my quarterly dividend increases from $34.20 to $36.00 and my yield on cost becomes 4.43%. The extra $7.20 in annual dividend income raises my forward 12-month dividend total to $2,432. Thus far this year, there have been dividend increases for 19 of the 28 stocks in my portfolio.