Well... since the payout was just raised to $4.98 annualized per share for 2012, it has a forward yield in the high 5% range. It could rise to 100 and still get a 5% yield which is excellent. I think it will continue to rise until the ex dividend date and then probably sell off a bit. It's done this consistently for several quarters now.
I have owned KMP and KMR since it was in low 30's and Chartney was the owner of the board. It usually in old days went up 13-14% each year. That is distribution and price appreciation. Therefore, 5% distribution and 9% approx. price appreciation now. When KMR is more than 5 1/2 pt spread as now buy KMR. It is a better buy Put alittle KMP in IRA or KMP in regular acct if you wound't sell for grandchildren with reinvestment of distributions,
I've also owned this stock for number of years. With the EP acquisition, all the domestic shale operations happening, fracking & KMP being the number one energy toll road, KMP will see 110 before 75. Hang in there ol' guy! GLTA