The issue is not the dividend growth over the next few years, its the growth angle which was already mentioned previously. If you look at cash flow, it's not growing...in fact it's contracting. Now if you compare the price/cash flow at something like 17x the stock is expensive.
Looking at dividend yield on a stand-alone basis is problematic. As laid out above, the stock is expensive on a cash flow basis - even given Kinder's leadership in the space.