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Kinder Morgan Energy Partners, L.P. Message Board

  • cwhite1898 cwhite1898 Jan 30, 2012 3:15 PM Flag

    Yahoo needs to update div yield..

    It should read 4.98 per share with a yield of 5.9%. It miseads investors looking for information into thinking KMP is overpriced. Of course, I guess one has to consider the wisdom of using Yahoo as your information source in the first place, eh?

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    • <<I don't know if you can call a stock with a 6% yield as expensive. Company is growing payouts at a 7% clip annually and it hasn't moved up much recently. Meanwhile, a company like Dupont with a 3% dividend yield and limited growth prospects is going through the roof. Figure that one out... >>

      Well, the 6% KMP distribution is mostly not a qualified dividend like the DD dividend is. But KMP is up 26.9% over the last 6-months and DD is only up 9.39%. So, it is really KMP that is through the roof not DD.

    • markramey@ymail.com markramey Feb 6, 2012 4:56 PM Flag

      I bought at 50 also so my yield on what I invested is 9.28% and rising. In other words, my costs haven't changed but the dividend keeps rising.

    • markramey@ymail.com markramey Feb 6, 2012 4:52 PM Flag

      Wrong. KMP is paying $1.16 this quarter and will raise it throughout the year to equal AT LEAST $4.98 for the full year. Multiply the current dividend X 4 and divide by the current price. That is your yield at any given time but after the El Paso acquisition I expect over $5.00 total this year. The Current yield is $4.64 divided by the closing price of $86.38=5.37%

      • 1 Reply to markramey
      • "We looked at the financials and in our "opinion" its looking a bit pricey near 90.
        It has certainly climbed upward since March 2009. The payout % was much larger back when we bought at 50. Can the revenue/cash flow continue to grow fast enough to support the payout- I don't know.
        Most analysts still like it; but can you trust their opinions?"

        You can do what you like, after all it is your money. But FWIW I bought KMP in 2001 at an average of $28 split adjusted when the distribution was $1.70 also split adjusted. KMP is now $86+ with a present distribution of $4.64. (None of these figures have been adjusted for ROC.)

        I've been through the ups & downs of 2002-3 & 2007-9 & there is no way I would sell for a POSSIBLE drop to re-buy at a lower price.

        Ayuh

    • As long as the El Paso deal goes through, then they should have stable payouts for years. Think about it... what's more stable than a pipeline toll network that transports a critical material? 6% yield here is a steal. It could go to $140 per share and still have a payout greater than what Dupont does currently. If you were deciding between a Dow dinosaur at 3% or KMP with critical assets selling at 6% growing payouts at a 7% annual clip... where would you put your money?

    • I don't trust analysts but when Rich says that they will distribute $4.98 this year I listen.

    • mikemclaug@sbcglobal.net mikemclaug Feb 3, 2012 9:04 PM Flag

      We looked at the financials and in our "opinion" its looking a bit pricey near 90.
      It has certainly climbed upward since March 2009. The payout % was much larger back when we bought at 50. Can the revenue/cash flow continue to grow fast enough to support the payout- I don't know.
      Most analysts still like it; but can you trust their opinions?

    • I don't know if you can call a stock with a 6% yield as expensive. Company is growing payouts at a 7% clip annually and it hasn't moved up much recently. Meanwhile, a company like Dupont with a 3% dividend yield and limited growth prospects is going through the roof. Figure that one out...

    • mikemclaug@sbcglobal.net mikemclaug Feb 3, 2012 3:47 PM Flag

      Sounds like a good thought process. The market has moved up a lot without any correction, and KMP is looking a bit expensive right now. Yes it may continue to rise with a merger in the works, but there is nothing wrong with taking a profit- how about selling half.

    • Actually, I think Yahoo adjusts the yield everyday. I haven't done it lately, but I used to calculate the yield several days in a row just to test Yahoo's number. Try it, it might surprise you.

    • I have a brokerage account with Fidelity but I
      still go to other places yes , even Yahoo.
      One place can't have all the info I like and need.
      Good luck.

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