Kinder Morgan said that it would likely raise its dividend by 6%-10% next year, which by itself isn’t bad news. But, it comes after a 2015 in which the company boosted its dividend by a full 15%, and it raises questions about the reliability of management’s forecast of 10% annual dividend growth through 2020. Let’s jump into the numbers, starting with the good news first.
KMI actually beat analyst estimates, earning 19 cents per share vs. the consensus estimate of 18 cents. In a move that KMI stock investors have come to expect as a birthright, Kinder Morgan raised its dividend to 51 cents per share. That’s a 16% hike over last year and a 4% rise over just last quarter. Richard Kinder has proven to be one of the real “good guys” out there, reinvesting tens of millions of dollars of his own money into the company he founded. 2016 may be a sluggish year for KMI, but considering the stock currently pays a 6.5% dividend, we’re getting paid well to wait it out.
Source: InvestorPlace
Related Articles:
- Dividend Investors Should Focus On Stocks, Not The Market
- The Secret Ingredient of Dividend Growth Stocks
- 9 Dividend Stocks With A 10%+ Dividend Growth Rate
- 3 Styles Of Successful Dividend Investing
- Why Dividend Growth Stocks Are Evil
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
If you’ve been following this column, you’d know that monthly dividend stocks tend to come from two main types of businesses: real estate an...
-
Late last year, Wall Street had a bit of a panic attack when Fed chairman Jerome Powell suggested this tightening was on autopilot. While th...
-
Are you sick and tired of low interest rates? Certificates of deposit pay next to nothing. Bonds yield only three or four percent a year. Su...
-
These three picks are all up more than 10% so far in 2019. The three themes are LNG, specialized healthcare, and small banks. The yields ran...
-
This company makes a compelling value proposition on the dip for DGI investors. The REIT has strong portfolio stats and a conservative AFFO-...
-
Stocks with high dividend yields can be great, but if a stock has a high dividend yield and also has lots of long-term growth potential and ...
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
This company makes a compelling value proposition based on valuation, risk/reward, yield, and upside potential. I added this hotel REIT las...
-
At its opening price of $101 per share on Jan. 7, MSFT stock had a market cap of $782 billion, which made it the most valuable company in th...
-
Before the painful fourth-quarter stock market decline, steady dividend payers probably weren’t foremost in many investors’ minds. After all...
0 comments
Post a Comment
Post a Comment