Stock Buy $KMI
Founded in 1997, Kinder Morgan Inc has become one of the leading energy companies of our time. Currently it owns an interests in or operates about 82,000 miles of pipelines. It works with the biggest oil companies, energy producers and shippers in the world. These pipelines serve as major highways with tolls transporting natural gas, refined petroleum and crude oil to name a few. The terminals provide storage services for products like gasoline, jet fuel, ethanol and coal.
- Dividend Yield: 5%
- Dividend Growth 5yr: 10%
- 8 straight dividend payout raises (wow)
- Payout Ratio: 141%
I purchased 60 shares for the price of $33.18 adding $98.40 to my annual income.
The 12-month dividend income increased to $2,150.
Thanks, the drop in price last week made my finger itchy, so I decided to pull the trigger and buy some. Glad I did, the price jumped back up real quick. All I gotta say is KMI is here to stay. Doing some research I was just amazed by their dividend raise streak.
Boy you got in at a great price there. I wish I had the capital to buy some shares a week ago. KMI is poised for continued strong growth both in earnings and dividend growth. 2014 looks like it’s going to be a good year for KMI and it’s investors. I will likely be buying some more shares this week. I was hoping to average down a bit but I still like the stock here.