This 6.8%-Yielding Dividend Is Heading Higher in 2022
Kinder Morgan (NYSE: KMI) recently unveiled its 2022 financial expectations. One thing the natural gas pipeline giant anticipates doing next year is increasing its dividend, which already yields well above average at 6.8%. Here's a closer look at what the company sees ahead.
Kinder Morgan expects to produce about $4.7 billion, or $2.07 per share, of distributable cash flow in 2022. While that would be down about $700 million, or 13%, from 2021's total, it's up about $400 million, or 9%, after adjusting for the big one-time boost it got from winter storm Uri in the first quarter.
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Source Fool.com
