How Much Higher Can Kinder Morgan's Dividend Grow?
Kinder Morgan (NYSE: KMI) is one of the biggest dividend-paying stocks in the S&P 500. It's one of only a handful of companies in that broader market index with a dividend yield of 6% or higher.
The pipeline company plans to increase its already sizable dividend by another 2% this year, marking its sixth straight year of increases. Here's a look at the company's payout and what its management team had to say about its future on its fourth-quarter conference call.
Kinder Morgan generates lots of recurring cash flow from the contracts and regulated rate structures supporting its diversified energy infrastructure operations. For 2022, the company produced $4.97 billion, or $2.19 per share, of distributable cash flow.
Source Fool.com
