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Kinder Morgan Management LLC Message Board

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  • abter1 abter1 Jul 15, 2009 9:58 AM Flag

    Distribution Date - When

    In the previous quarter KMP announced the earnings release on 4/13 (to be released on 4/15), and announced the distribution on 4/15. It is not clear from the April dist. press release the time that was released...presumably before the 4:30pm (eastern) earnings release.

    If this quarter follows that pattern, I would expect the dist. release to be today, also before the 4:30 release.

    I also strongly expect there to be a repeat disribution of last quarter: $1.05. They will also probably again trumpet how much it is above Q2 in '08, and be silent on the comparison with Q1 '09. Sell the sizzle.

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    • abter1 was jly 29 not the ex date for kmr . if so why did KMR price not drop the 1.05 today or yest. for that matter

    • ABTER1 I just spoke to Vanguard and they said KMR mite declare a div dist this Q instead of a PIK. Have KMR ever played A DIV INSTEad of a PIK. Vanguard also said they would not DRIP a Div dist. but would DRIP a PIK > What you say supper1

      • 1 Reply to nsupper1
      • that all sounds weird...and totally like something a Vanguard rep might tell you on the phone.

        I cannot see how KMR could ever declare a cash distribution or dividend instead of a PIK without a major reorganization. IMHO no way this could happen.

        as for "Vanguard also said they would not DRIP a Div dist. but would DRIP a PIK"

        First there is nothing to reinvest with a already have the new shares. Second; I know that some brokers will not reinvest (for free) cash from an MLP distribution. I have some MLPs at Ameritrade, and they won't do it. Other brokers have no problem at all. This isn't technically a isn't offered by the MLP but by the brokerage as a service to their clients. I believe such brokerages (and I know Schwab and Wells Fargo/Wachovia will do this) are making open market purchases with the distribution funds on behalf of their investors. Obviously any broker would be happy if you did a full commission purchase with any cash you got...thats not the point. I have no idea about Vanguard...I'm not a client of theirs.

    • drd99 Jul 15, 2009 11:21 AM Flag

      I noticed a recent change in KMR's display information on Yahoo Finance. For some reason that site no longer shows KMR as having a dividend so I sent an email to Kinder Morgan asking specifically if they planned to continue the distribution, which if I recall correctly was pre funded for 2009. They neither confirmed nor denied that a distribution was coming but they did say to keep an eye out for an announcement around July 15.

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