DividendVet

Stock Buy $KMI

Probably one of the most hated ex-dividend growth stock of our time, Kinder Morgan Inc. (KMI) has “kindered” way too many dividend growth investors in the past. I know, call me crazy. But nevertheless, I think the future is now brighter than ever. The company/stock has stabilized on a good uptrend, out of the oil crash and actually fundaments and projects are looking good. Plus, the recent 60% dividend increase showed a strong commitment to the shareholders, which more increases coming. I am long on KMI.

Company Overview: 

Founded in 1997, Kinder Morgan Inc. is the leading transportation and energy storage company of our time. The company is also the largest energy infrastructure company in North America. Currently, it owns an interest in or operates about 84,000 miles of pipelines and 165 terminals. It works with the biggest oil companies, energy producers and shippers in the world. The pipelines serve as major highways for transporting natural gas, refined petroleum and crude oil to name a few. Additionally, the terminals provide storage services for products like gasoline, jet fuel, ethanol and coal.

Statistics: 

I purchased 120 shares of Kinder Morgan Inc. (KMI) for the price of $16.83 per share for a total investment of $2,019.60 adding around $96.00 to my annual dividend income.

This is the 3rd time I am initiating a stock acquisition this year. This transaction is my additional purchase of KMI shares into the portfolio. As of today, I now hold a total of 291.55 shares of the company. Additionally, KMI ownership stake represents to be around 4.1% of my total portfolio value.

Conclusion:

The Portfolio “The Dividend Machine” has been updated with link ➡ here.

Thank you for reading & have a great day!

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