This 6.6%-Yielding Dividend Stock Sees a Bright Future Fueled by 1 Notable Catalyst
Growth has been hard to come by for Kinder Morgan (NYSE: KMI) in recent years. Its distributable cash flow (DCF) dipped 4% per share last year and has been uneven over the past few years because of a variety of headwinds.
However, the company expects its DCF per share to grow by around 8% this year. Meanwhile, it's very bullish on future growth. One of the biggest catalysts fueling that optimism is the expansion it sees ahead for the U.S. natural gas market. That bodes well for the company's ability to continue increasing its 6.6%-yielding dividend.
Kinder Morgan recently held its annual investor day. One of the key takeaways from that event is that the company is very bullish on natural gas. CEO Kim Dang stated: "The future for U.S. natural gas is very bright. And that has positive implications both for our existing business and for our ability to expand."
Source Fool.com
