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Technology Stocks : KMI- a fallen high dividend yielder - for how long? -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (54)6/29/2018 4:29:25 PM
From: robert b furman  Respond to of 160
Hi E_K_S,

I have some 200 at 35.00 and the rest were assigned from some $25.00 puts back when the dividend cut was made.

I doubled down to lower my cost average back when they announced the expected dividend increases through 2020.

I have also sold some 18 puts that if KMI stays below 18 - I'll get quite a few shares for a net of 15.83 .

Last month I had 3100 of KMI put premium expire and this next January I have some 15.00 puts that I think will expire to zero also - that 5,000 grand doesn't lower the cost basis, but it helps me metally stay positive on KMI.

if they keep to the expected dividend increses I'm ballparking I have an average cost of 21 ish.

It will have taken several years to evolce but I'll have a 5.7 % yield on my cost - not counting the put premium I collected.

Long term KMI is a great stock and zi expect their dividend growth the be strong as well.

I liked the sale of the pipeline to Canada, as proceeds were said to reduce debt.


They were doing the right things by becoming a C corp and I do not know who knew the Saudi's would pull such a massive flooding of oil in the market place - It caught most for a loop and KMI has done a good job of recovering imo.

It will be a long term buy and hold for me.

Have a great weekend - its hot here in Wisconsin!


To: E_K_S who wrote (54)8/6/2018 11:30:20 PM
From: E_K_S  Read Replies (1) | Respond to of 160
After 31 days was able to buy back my shares sold at $17.75/share for $17.62/share last Friday. AVG cost lowered but have another chunk to do in 31 days.

To avoid a 'Wash', you have to not Buy/Sell 31 days Before and After you transaction/ It takes 62 days to complete the Buy/Sell . .wash & repeat. To harvest losses, I do 1/2 of the shares in the 62 day cycle then the other 1/2 in another 62 day cycle.

I had a lot of $30/share basis stock from the conversion of the MLP to the C corp. I should get my average cost down to around $20/share after the two 62 day cycle are complete (ie 124 days).

I thin KMI is a 2019 & 2020 story stock especially as economy continues to grow and domestic Oil/NG usage increase and maybe get some growing exports too.