Wednesday, October 16, 2013
Dividend Increase: KMI
Kinder Morgan, Inc. (KMI) is increasing its quarterly dividend by 2.5%, from $0.40 to $0.41 per share (news release). This is the fourth increase from KMI this year, resulting in an overall increase of 13.9% in 2013. Given that I own 165 shares of KMI, my quarterly dividend increases from $66.00 to $67.65 and my yield on cost becomes 4.45%. The extra $6.60 in annual dividend income raises my forward 12-month dividend total to $2,925. Thus far this year, there have been dividend increases for 28 of the 31 stocks in my portfolio.