Kinder Morgan, Inc. Announces Quarterly Dividend of $0.29 (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Monday, February 2nd will be paid a dividend of 0.2925 per share by the pipeline company on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, February 2nd.

Kinder Morgan has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Kinder Morgan has a dividend payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Kinder Morgan to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 90.7%.

Kinder Morgan Trading Up 2.3%

KMI opened at $28.59 on Thursday. The firm’s fifty day moving average is $27.17 and its two-hundred day moving average is $27.20. The firm has a market cap of $63.61 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.26 and a beta of 0.69. Kinder Morgan has a twelve month low of $23.94 and a twelve month high of $31.46. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.49 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan will post 1.25 EPS for the current year.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.