A split means you have twice as many shares but they are worth half as much. The distribution is also cut in half. The only positive is that it's more affordable for people who only want or can afford a 100 shares. That drives demand and--naturally--the stock price upward. I wouldn't look for it on KMP unless they close over 100 for an extended period of time. That's anyone's guess. Just be happy you have probably the best yield and growth stock in the Fortune 500. Also the only Fortune 500 company that posts their next year's budget on their web site.