Kinder Morgan Dividend Payment: Should You Buy Before April 30?
Payday is coming
Kinder Morgan recently declared its latest dividend, with a quarterly payment of $0.2875 per share on May 15. Investors must be shareholders of record by April 30 to receive it. The company's dividend yield of over 6% is significantly higher than the S&P 500 index.
Plenty of fuel to keep paying dividends
With stable cash flow and a conservative dividend payout ratio of around 51%, Kinder Morgan is well-positioned to continue its dividend payments. It expects to generate about $5 billion of distributable cash flow this year, supporting its growth initiatives and maintaining a strong balance sheet.
An income stock for the long haul
Kinder Morgan offers a stable income stream for long-term investors, backed by visible growth opportunities and expansion projects. Despite missing out on Stock Advisor's top 10 list, the company's steady performance and dividend growth potential make it a compelling investment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.