thanks, venturabay. I hadn't looked up the exact div. shares per shares owed ratio yet...appreciate you posting it. That works out to the effective $1.05 dividend (the KMP distribution amount) paid on a KMR price of $42.72. They calculate that as the average closing price on the 10 trading days before the ex-div date (today).
To me it looks like they got it wrong. 1/.024580=40.683. The 10 day average closing price, as reported by yahoo, I calculate as 42.717, giving a ratio of .02340988. Look for a correction on the KMR website, or please somebody explain to me my error. Thanks