Kinder Morgan Stock: Buy, Sell, or Hold?

There are two big problems when it comes to investing in Kinder Morgan (NYSE: KMI). The first is trust, thanks to a surprise dividend cut in 2016. The second is a less-than-spectacular total return history relative to peers like Enterprise Products Partners (NYSE: EPD). Here's why investors will probably be better off looking at options other than Kinder Morgan in the midstream space.

Although 2016 may seem like a very long time ago, it is still relevant today because of the way the dividend cut happened. On Oct. 21, 2015, Kinder Morgan raised its dividend to $0.51 per share per quarter, up 16% year over year. The subhead on that news release stated, "KMI Remains on Track to Meet its Full-Year dividend Target of $2.00 Per Share with Substantial Excess Cash Coverage." That sounded very positive.

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Source Fool.com