Dividend Increase: Kinder Morgan Inc (KMI)

Kinder Morgan Inc (KMI) increased their 4th quarter dividend, payable November 13th to shareholders of record November 2nd, to $0.51 per share from their last quarterly amount of $0.49 per share.  This represents a 4% increase from the previous quarter, and a 15.9% increase from the Q4 2014 quarterly dividend.

Normally this type of news would be call for celebration, but I have a little concern on the sustainability near term as profits have taken a hit due to the drop in commodity prices.  This is the 4th increase in dividends this year for the company.  I’d prefer to see them making some deals to acquire smaller players in pipelines and wait out a bounce in energy prices.

Only time will tell.  Shares got hit in after hours trading to the tune of 5%.  I may add to the portfolio shortly, should shares pull back a little further.

Update 11/1/2015  I did add to my position in KMI 70 shares @27.60.  The share price did get an additional hit after the earnings report as analyst came out of the woodworks with downgrades, so I decided to throw some money at KMI.

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