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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 27.92+0.1%Mar 21 3:59 PM EDT
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To: gypsees who wrote (88)4/23/2020 5:10:05 PM
From: robert b furman5 Recommendations

Recommended By
CusterInvestor
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Hi Gypsees,

I'v had KMI a long time and "got kindered" with the dividend decline years ago.

Since then I've averaged down. (along with E_K_S) - we're kind of the lonely regulars here.

For several years the dividend was substantially reduced and KMI has maintained strong cash flow.

Additionally they did some big deals like selling the transmountain pipeline to the government of Canada.

That reduced their debt by several billions.

Bottom line I like how management owns a LOT of shares and have recently added to their positions.

Bottomline : KMI's pipelines in and around Texas have dialed in very long term natural gas transportation opportunity. Their partners with XOM,CVX and the Saudi's plastics and refineries will be on going longer than I will be alive. Their export alliances with Gulf of Mexico deep water ports for both oil and LNG

There are very long term megatrends regarding natural gas electrical generation and exporting of gas and oil to Mexico. These are dynamic and long term growth businesses.

I know some analysts don't think KMI has a big moat. I disagree. The fact that they have easements and can double their capacity without all of the red tape a new pipeline must endure should be considered a formidable moat IMO.

Some may be upset with the 5 cent increase vs the hoped for 25 cent increase. I'll just accept the 5% dividend increase (which is solid in anyone's book) and have quiet expectations that the next 2-5 years will be very nice dividend growth rates.

This one is going down as a super star when it comes to it's dividend cagr .

Good to have a new poster here.

Natural gas has been the key to the US being the only country out there with a reduced carbon footprint. I suspect it will be a very long trend.

Bob
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