Wednesday, April 17, 2013
Dividend Increase: KMI
Kinder Morgan, Inc. (KMI) is increasing its quarterly dividend by 2.7%, from $0.37 to $0.38 per share (press release). This is the second increase from KMI this year, coming after a 2.8% increase in January. 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 $33.30 to $34.20, which will add an extra $3.60 to my annual dividend income. This dividend increase boosts my yield on cost to 4.34% in my taxable account and 4.11% in my Roth IRA. Thus far this year, there have been dividend increases for 15 of the 28 dividend growth stocks in my portfolio. My forward 12-month dividend total is now $2,399.