Kinder Morgan Is Still Trying to Rebuild Trust

Operationally speaking, Kinder Morgan (NYSE: KMI) is doing pretty well right now. That is highlighted by the company's 25% dividend increase in 2019, with another hike of the same size currently planned for 2020. At the goal run rate of $1.25 per share per year, management is gloating that it will have increased the dividend by an incredible 150% over the 2017 level.

All of this sounds pretty good, until you step back and look at what happened in 2016. When you do that, Kinder Morgan still has a lot to prove. 

On Oct. 21, 2015, Kinder Morgan reported third-quarter earnings and announced that it planned to increase its dividend by as much as 10% in 2016. On Dec. 8, 2015, Kinder Morgan changed direction and announced that it would, instead, cut the dividend by 75%.

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Source Fool.com