Kinder Morgan's Capital Discipline Illustrates Why It's a Great Dividend Stock
Pipeline giant Kinder Morgan (NYSE: KMI) is spending a lot less money than it used to. Burned by the oil and gas crash of 2014, the company has shifted from a high-debt, high-growth, boom-and-bust strategy to sustaining low growth over the long term.
The company reported Q3 2021 earnings on Oct. 20, and signaled that it plans to keep a tight lid on spending. At first glance, a lack of worthwhile investments may indicate that there are limited opportunities in oil and gas. But dig deeper and you'll find that Kinder Morgan has plenty of ways to invest in new natural gas projects, as well as alternative energy. Here's why its strategy is great news for investors interested in collecting and counting on Kinder Morgan's 6% dividend yield.
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Source Fool.com
