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

To: robert b furman who wrote (122)1/20/2021 4:39:43 PM
From: robert b furman2 Recommendations

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KMI beats consensus by 3 cents at 27 cents and beats on revenue with 3.12 revenue with consensus at 3.05.

Cash flow covering dividend comfortably.

Confirms 1.08 2020 dividend expectation.

Lot of big projects completing this 2021 Q1.

Shoould get better with demand for oil and gas growing as noralcy recovers.

I forgotten , what's normal? <smile>

AH stock trading $15.98 to $16.00.

I think KMI will continue to be a solid comeback story and excellent dividend growth stock.

Patiently waiting to get into the black on this one . Had some before the dividend slash and burn.

I'm a years dividend away from being in the black.

Adding up all the dividends received. I am in the black, so well within my longterm comfort zone and it is a very nice high yielder.

Kinder Morgan Announces Results for Fourth Quarter of 2020; Maintains $0.2625 Per Share Dividend

Author of the article:

Business Wire

Publishing date:
Jan 20, 2021 • 27 minutes ago • 32 minute read

Article contentHOUSTON — Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the fourth quarter ($1.05 annualized), payable on February 16, 2021, to common stockholders of record as of the close of business on February 1, 2021. This dividend represents a 5% increase over the fourth quarter of 2019.

KMI is reporting fourth quarter net income attributable to KMI of $607 million, compared to net income attributable to KMI of $610 million in the fourth quarter of 2019; and distributable cash flow (DCF) of $1,250 million, an 8% decrease from the fourth quarter of 2019.

“Despite the pandemic’s continued drag on the economy and on energy demand, our company weathered the fourth quarter well, producing substantial earnings as expected and robust coverage of this quarter’s dividend,” said KMI Executive Chairman Richard D. Kinder.

“Our assets continue to provide strong cash flow and our corporate philosophy remains sound: fund our capital needs internally, maintain a healthy balance sheet, and return excess cash to our shareholders through dividend increases and/or share repurchases. As noted in our December financial guidance, the board expects to increase the dividend by 3% for 2021, to $1.08 per share (annualized). The company also has the capacity to engage in opportunistic share repurchases up to $450 million,” Kinder concluded.