Kinder Morgan, Inc. (KMI) to Issue Quarterly Dividend of $0.30 on August 17th

Kinder Morgan, Inc. (NYSE:KMI) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.2975 per share by the pipeline company on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 3rd.

Kinder Morgan has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Kinder Morgan has a payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Kinder Morgan to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 76.8%.

Kinder Morgan Stock Up 1.7%

Shares of KMI opened at $32.20 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan has a 52 week low of $25.60 and a 52 week high of $34.81. The company has a market capitalization of $71.71 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.56 and a beta of 0.54. The stock’s 50-day moving average price is $32.06 and its 200-day moving average price is $31.99.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts predict that Kinder Morgan will post 1.54 EPS for the current year.

Kinder Morgan Company Profile

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.