Kinder Morgan, Inc. (NYSE:KMI) Shareholders to Collect $0.30 Quarterly Dividend

Key Points

• Kinder Morgan declared a quarterly dividend of $0.2975 per share, payable November 16 to shareholders of record as of November 2. The dividend represents $1.19 annually and a 3.6% yield.
• The dividend currently has an 88.1% payout ratio, while expected earnings suggest a more sustainable forward payout ratio of approximately 76.8%.
• Kinder Morgan’s latest quarterly results exceeded expectations, with earnings of $0.35 per share and revenue of $4.53 billion, up 9.3% year over year; its stock fell 3.4% to $32.81 during Thursday trading.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be given a dividend of $0.2975 per share by the pipeline company on Monday, November 16th. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, November 2nd.

Kinder Morgan has a dividend payout ratio of 88.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Kinder Morgan to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 76.8%.

Kinder Morgan Stock Down 3.4%

KMI stock traded down $1.16 during midday trading on Thursday, reaching $32.81. 6,479,621 shares of the company's stock traded hands, compared to its average volume of 12,177,297. The company has a market cap of $73.06 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.36 and a beta of 0.59. The firm's fifty day moving average price is $31.82 and its 200-day moving average price is $32.03. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Kinder Morgan will post 1.56 earnings per share for the current fiscal year.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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