Can Kinder Morgan Deliver on Promised Dividend Hikes?
In the summer of 2017, Kinder Morgan Inc. (NYSE: KMI) announced huge dividend increases, representing a 60% increase for 2018 and 25% after that. That sounds very generous! But, for long-term shareholders, those who have stuck with KMI, it is welcome news as it shows the company is trying to make up for its 75% payout cut in 2016. The plan is to raise the dividend to $0.80 in 2018, $1.00 in 2019, and $1.20 in 2020.
So the question is, are these dividends safe? And is this growth possible?
Source: Fool.com
Kinder Morgan Inc. Stock
Currently there is a rather positive sentiment for Kinder Morgan Inc. with 5 Buy predictions and 0 Sell predictions.
With a target price of 21 € there is a slightly positive potential of 6.67% for Kinder Morgan Inc. compared to the current price of 19.69 €.