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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 18.85-1.6%1:46 PM EDT

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From: E_K_S5/29/2018 9:22:45 AM
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Canadian government to buy Trans Mountain Pipeline for C$4.5B
Kinder Morgan ( KMI, OTCPK:KMLGF) confirms the Canadian government has agreed to purchase the Trans Mountain Pipeline system and expansion project for C$4.5B.

KMI says the federal government will to fund the resumption of expansion project planning and construction work by guaranteeing advances under a separate recourse credit facility until the transaction closes, which the parties expect in late Q3 or early Q4.

"Despite losing the EBITDA associated with the Trans Mountain system, we still expect to meet or exceed our 2018 distributable cash flow per share target," KMI says. "We continue to expect a 2018 annualized dividend of $0.80/share, followed by $1.00/share in 2019 and $1.25/share in 2020, a growth rate of 25% annually.

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Not sure this was expected.

EKS
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