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Kinder Morgans Raise Distributions

Kinder Morgan (NYSE: KMI  ) and its master limited partnership sibling Kinder Morgan Energy Partners (NYSE: KMP  ) are both putting a few more coins in the pockets of their share- and unitholders. The former has declared a quarterly dividend of $0.41 per share, to be paid on November 15 to shareholders of record as of October 31. That amount is $0.01, or 2.5%, higher than the firm's previous payout of $0.40 dispensed in August.

Energy Partners, meanwhile, declared a distribution of $1.35 per unit, payable on November 14 to holders of record as of October 31. This is $0.03, or 2.3%, higher than the preceding distribution of $1.32 handed out in August.

Kinder Morgan's new dividend annualizes to $1.64 per share, yielding 4.6% at the stock's most recent closing price of $35.62. Those numbers for Energy Partners are $5.40, 6.7%, and $80.14, respectively.


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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

11/25/2015 4:00 PM
KMI $24.10 Down -0.31 -1.27%
Kinder Morgan CAPS Rating: *****
KMP $0.00 Down +0.00 +0.00%
Kinder Morgan Ener… CAPS Rating: *****