Kinder Morgan, Inc. (NYSE:KMI) to Issue $0.29 Quarterly Dividend

Key Points

• Kinder Morgan, Inc. declared a quarterly dividend of $0.2925 per share, with the payment date set for November 17th for shareholders of record on November 3rd, yielding an annualized basis of 4.2%.
• The company reported earnings of $0.29 per share for the last quarter, matching estimates, along with revenue of $4.15 billion, exceeding analyst expectations of $3.98 billion.
• Kinder Morgan has a payout ratio of 86.7%, indicating current coverage by earnings, but potential future risks if earnings decline are evident, with a projected higher payout ratio of 90.7% next year.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Monday, November 3rd will be paid a dividend of 0.2925 per share by the pipeline company on Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, November 3rd.

Kinder Morgan has a payout ratio of 86.7% 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 $1.29 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 90.7%.

Kinder Morgan Stock Performance

KMI opened at $27.58 on Thursday. The firm has a market cap of $61.27 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 3.23 and a beta of 0.78. Kinder Morgan has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The business's fifty day moving average is $27.30 and its 200-day moving average is $27.42.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.Kinder Morgan's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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