Kinder Morgan Inc (NYSE:KMI) announced a quarterly dividend on Wednesday, January 17th, RTT News reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.125 per share by the pipeline company on Thursday, February 15th. This represents a $0.50 annualized dividend and a yield of 2.58%.

Kinder Morgan has decreased its dividend payment by an average of 33.5% annually over the last three years. Kinder Morgan has a payout ratio of 78.1% indicating that 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 $0.74 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 67.6%.

Shares of Kinder Morgan (NYSE:KMI) traded down $0.13 during trading hours on Wednesday, reaching $19.39. 20,321,500 shares of the company’s stock were exchanged, compared to its average volume of 14,348,990. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The stock has a market capitalization of $43,700.00, a price-to-earnings ratio of 34.63, a PEG ratio of 1.33 and a beta of 0.62. Kinder Morgan has a one year low of $16.68 and a one year high of $23.01.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) earnings per share. equities analysts forecast that Kinder Morgan will post 0.65 earnings per share for the current fiscal year.

A number of analysts have issued reports on the stock. Mizuho reiterated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Friday, October 20th. BMO Capital Markets set a $26.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $22.72.

In related news, VP Thomas A. Martin acquired 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.99% of the company’s stock.

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About Kinder Morgan

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

Dividend History for Kinder Morgan (NYSE:KMI)

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