tag:blogger.com,1999:blog-2800029095243726187.post5627100949127381442..comments2024-02-10T04:36:02.792-05:00Comments on Dividend Growth Machine: Stock Bought: KMIDividend Growth Machinehttp://www.blogger.com/profile/13304571550687216360noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2800029095243726187.post-71826665801042343152012-11-04T11:22:42.589-05:002012-11-04T11:22:42.589-05:00Anonymous: Thanks for your comment. For MLPs and c...Anonymous: Thanks for your comment. For MLPs and corporations involving them, such as KMI, the payout ratio based on earnings is misleading. A more appropriate measure is the payout ratio based on funds from operations (FFO), which reflects cash flows. I don't have the exact number for KMI on hand, but the FFO payout ratio for KMP is about 60%.Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-61411532233643500912012-11-04T08:10:46.091-05:002012-11-04T08:10:46.091-05:00Hi Thanks for the information, was looking at the ...Hi Thanks for the information, was looking at the fidelity earnings stats on KMI, the payout ratio appeared to be high<br /><br />Dividend Key Stats<br />Annualized Dividend $1.440000<br />Annualized Dividend Yield 4.22%<br />Payout Ratio (TTM) 107.56%<br />Dividend Growth 1 Year 20.00%<br />Dividend Growth 5 Year Average <br /><br />I am assuming there could be justification on the numbers. (same as ATT with the charge for Tmobile showing the payout ratio as high), any thought comments on why the payout ratio show so highAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-88103884801958146422012-10-17T19:45:32.519-04:002012-10-17T19:45:32.519-04:00Bernie: Given that KMI is a C-corporation rather t...Bernie: Given that KMI is a C-corporation rather than an MLP, its dividends would likely be treated in the same way as those of other U.S. corporations. However, I am not very familiar with Canadian RRSPs, so I don't know whether there would be any withholding tax. I suggest asking your brokerage about it. Thanks for stopping by!Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-1980798648189604652012-10-17T12:41:41.873-04:002012-10-17T12:41:41.873-04:00Hi, I'm new to your blog. I've been intere...Hi, I'm new to your blog. I've been interested in Kinder Morgan stock for quite a while but held back because of the severe withholding taxes on MLP's that Canadians have to endure. I hadn't considered "KMI". Would there be any withholding tax on this one if I purchased it for my retirement account (RRSP)?Bernienoreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-38545615328970793382012-10-11T09:18:40.215-04:002012-10-11T09:18:40.215-04:00Compounding Income: Thanks! The valuation of KMI i...Compounding Income: Thanks! The valuation of KMI is tricky and the DDM result is quite interesting. Regardless of the correct intrinsic value, I think I'll be happy getting a 4% yield with the potential for double-digit dividend growth. I will also be looking to increase my position in the future.Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-10271691758599994942012-10-11T08:21:38.409-04:002012-10-11T08:21:38.409-04:00Very nice DGM. It's crazy that you can enter ...Very nice DGM. It's crazy that you can enter a 14% (holy crap) discount rate and still determine that there is a margin of safety present. And yeah the dividend growth is supposed to actually be higher... This leads me to believe KMI is an abosolute steal or the the calculator doesn't always work right. FAST graphs couldn't handle it either...<br /><br />I believe in the Kinder story. I hope to see better prices in future as I want to increase my stake!<br /><br />Good post, I enjoyed the read.Compounding Incomehttps://www.blogger.com/profile/04207986983526689578noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-28800778695442994542012-10-10T22:20:51.231-04:002012-10-10T22:20:51.231-04:00Passive Income Pursuit: It's nice to see that ...Passive Income Pursuit: It's nice to see that you also picked up some shares in KMI today. I think we can look forward to years of dividend growth.Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-83198986109317463022012-10-10T22:08:46.268-04:002012-10-10T22:08:46.268-04:00Great buy! I originally had my limit order set for...Great buy! I originally had my limit order set for $34.86 but then changed it this morning. I don't see his you can go wrong investing in a toll company that transports vital resources that are used in just about everything. Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-45210350529949539962012-10-10T22:06:19.074-04:002012-10-10T22:06:19.074-04:00Dividend Mantra: It seems like quite a few DGI blo...Dividend Mantra: It seems like quite a few DGI blogger-investors have been buying KMI this week! I agree that it's a very shareholder friendly company that should provide good dividend growth for many years. I also noticed that article on SA yesterday -- it had a lot of useful information.Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-48315810661541667702012-10-10T21:49:33.312-04:002012-10-10T21:49:33.312-04:00DGM,
Great purchase. You got in at a better price...DGM,<br /><br />Great purchase. You got in at a better price than I did last month. I actually added to my position yesterday, and I'll be talking about that tomorrow. <br /><br />I think Morningstar has a fair value rating on it right about where you put it. I think the fair value is slightly higher as their targeted dividend growth is actually over 12%, and I think they'll at least reach that level. <br /><br />This is just a monster company, and KMI should be very shareholder friendly going forward. I'm really looking forward to seeing where this one goes. How can you not like an underground toll highway?<br /><br />This was a pretty well researched article on KMI that popped up on SA yesterday:<br /><br />http://seekingalpha.com/article/911981-buy-kinder-morgan-today-for-dividend-increasesDividend Mantrahttp://www.dividendmantra.comnoreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-15947257751231118622012-10-10T21:32:10.453-04:002012-10-10T21:32:10.453-04:00Henry: Thanks! After my purchase I saw that a coup...Henry: Thanks! After my purchase I saw that a couple of fellow bloggers had bought it, too. There must be some sort of DGI wavelength permeating the blogosphere. :)Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-2800029095243726187.post-8989616485410057872012-10-10T21:25:53.899-04:002012-10-10T21:25:53.899-04:00Great buy! It seems like everyone is buying KMI l...Great buy! It seems like everyone is buying KMI lately. Hopefully I'm not missing out by not buying haha. Henryhttps://www.blogger.com/profile/07452313388704410334noreply@blogger.com