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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 16.76-0.9%Jun 30 4:00 PM EDT

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To: miraje who wrote (32)2/20/2018 1:38:14 PM
From: robert b furman  Read Replies (1) of 156
 
Hi Miraje,

I'm still holding the bag on this one.

I am in anticipation of them announcing the new 80 cent annual dividend for the next 4 quarters after this last 12.5 cent dividend.

I have also sold some 18.00 puts far out into January 2019.

If assigned to me they will be very nice dividend growth stocks - if their projected dividends are actually paid out in 2019 and 2020.

One thing for sure the pipelines are becoming fuller as:

Gas continues to displace coal in electrical generation - especially in Houston

Exports to Mexico grow.

Exports of LNG from Chenierre are now being made

A huge build out of plastics plants continue to be built in Houston.

The Permian and Eagle Ford fields continue to be restricted to drilling activity until flaring is minimized 9 In KMI's back yard.

This is the largest network in the US that took on too much debt when it left its MLP statusand at the same time a downturn of generational pain all accross the energy sector took place.

Although I was put some 22.50 and 25.00 stocks when the dividend slah took place - I'm currently of the mindset this is a buy and hold, that with time, will more than reward my patience.

If you sold 18.00 puts and got 2.35 for them the net purchase price would be $15.65.

Next years dividend (if done as stated) will yield 5.11 %

I like it from a long term buy and hold basis.

Average down and watch it pay like a slot machine - I hope!

GULP

Bob

The claimed dividend for 2019 will be 1.00 and that will yield 6.39.
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