|Day's Range||20.35 - 21.25|
|52 Week Range||18.31 - 23.36|
|PE Ratio (TTM)||68.08|
|Dividend & Yield||0.50 (2.54%)|
|1y Target Est||N/A|
Kinder Morgan (KMI) soared to the top of the S&P 500 today after meeting earnings forecasts and announced plans to increase its dividend. Kinder Morgan gained 4.5% to $20.56 today, while the S&P 500 finished little changed at 2,473.45. SunTrust Robinson Humphrey analysts Tristan Richardson and Matthew Tate contend it's all about Kinder Morgan's dividend: The magnitude of the dividend increase for 2018 was near our operating assumptions, even if the announcement came earlier than we expected in what was somewhat of an in-line quarter.
Kinder Morgan’s (KMI) Natural Gas Pipelines segment—its largest segment—reported a 6% YoY (year-over-year) drop in its 2Q17 EBDA.
Houston-based Kinder Morgan Inc. (KMI) plans to increase its dividend by 60 percent for 2018 and even further through 2020. The move will mark the first time the company has boosted its dividend since slashing it in late 2015 by 75 percent to 12.5 cents per share quarterly , or 50 cents annually. The second quarter 2017 dividend remains 12.5 cents per share and is payable on Aug. 15 to common shareholders of record on July 31.