If You Like Kinder Morgan's 6.1%-Yielding Dividend, You Should Check Out This High-Yielding Rival
Kinder Morgan (NYSE: KMI) is one of the more popular dividend stocks, and it's easy to see why. The natural gas pipeline giant currently offers a 6.1% dividend yield, one of the highest in the S&P 500. That big-time payout is on rock-solid ground, making it an excellent option for those seeking to collect steady dividend income.
However, if there's a knock against Kinder Morgan, the pipeline giant has struggled to grow over the years. That's why investors who like Kinder Morgan should check out fellow natural gas pipeline stock Williams (NYSE: WMB). While Williams currently has a lower dividend yield (4.8%), it could continue growing faster than Kinder Morgan in the future.
Kinder Morgan has been in a bit of a rut for much of the past several years. Last year, it generated $7.5 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). That was flat with both 2022's and 2018's levels.
Source Fool.com
