Is Kinder Morgan a Great Dividend Stock?
Pipeline giant Kinder Morgan (NYSE: KMI) used to be a dividend investor's darling before slashing its payout by 75% in late 2015 to just $0.50 per share per year. The cut came as Kinder Morgan was struggling during the oil downturn and faced a potential credit rating downgrade that would have tipped the company into junk bond territory.
After a few dividend increases, Kinder Morgan now pays $1.00 per share and expects to raise that to $1.25 in 2020. It's clearly trying to get back into the good graces of dividend investors, but is that enough to make this energy stock a buy?
Image source: Getty Images.
Source Fool.com
