This 7.1%-Yielding Dividend Is Heading Higher in 2021
Kinder Morgan (NYSE: KMI) recently announced its financial expectations for 2021. One highlight is the company's plan to increase its dividend for the coming year. That raise will push its payout even higher than the current 7.1% yield, making it an even more enticing option for income investors.
Kinder Morgan currently expects to generate $4.4 billion, or $1.95 per share, of distributable cash flow in 2021. That's about 3% below its 2020 forecast, which is on track to decline 10% from 2019's level. Several factors have impacted its cash flow, including lower recontracting rates on some of its natural gas assets, lower oil volumes and realized prices in its carbon dioxide segment, and higher maintenance capital expenses.
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Source Fool.com
