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.