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Kinder Morgan shares slip as revenue misses, dividend hiked

Wallace Witkowski

Kinder Morgan Inc. said late Wednesday its board hiked the energy infrastructure company's dividend by 25% but revenue came in below Wall Street estimates. Kinder Morgan shares slipped 0.7% after hours, following a 0.6% decline to close Wednesday at $19.69. The company said it will pay a quarterly dividend of 25 cents a share on May 15 to stockholders of record as of April 30. Kinder Morgan also reported adjusted first-quarter earnings of 25 cents a share on revenue of $3.43 billion, while analysts polled by FactSet were looking for 25 cents a share on revenue of $3.67 billion.