Kinder Morgan, Kinder Morgan Energy Partners Raise Dividends

Both Kinder Morgan (NYSE: KMI  ) and Kinder Morgan Energy Partners (NYSE: KMP  ) have announced higher payouts on their Q4 2012 results.

The two tightly related firms will significantly boost their quarterly disbursements when compared to their year-ago payouts. Kinder Morgan is to pay $0.37 per share on Feb. 15 to shareholders of record as of Jan. 31. That represents an increase of $0.01 (2.8%) over the previous quarterly disbursement, and is 19% higher than the $0.31 paid for its Q4 2011 dividend.

Kinder Morgan Energy Partners, meanwhile, is to lift its payout to $1.29 per share, payable on on Feb. 14 to shareholders of record as of record Jan. 31. The dividend for its previous quarter was $1.26, while that for the same period the previous year stood at $1.16. So that's an 11% increase year over year and a 2.4% increase from the previous quarter.

link


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2201787, ~/Articles/ArticleHandler.aspx, 7/25/2014 7:21:11 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement