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Why I Bought More of This Dirt-Cheap Dividend Stock Yielding Nearly 7%

TheMotleyFool

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Why I Bought More of This Dirt-Cheap Dividend Stock Yielding Nearly 7%: https://g.foolcdn.com/editorial/images/733904/a-person-investing-with-their-smartphone.jpg

Kinder Morgan (NYSE: KMI) is one of my larger holdings. The natural-gas pipeline operator offers a generous dividend that is steadily increasing. These features align perfectly with my dividend-growth investment strategy.

I recently picked up a couple more shares. The pipeline stock is trading at a dirt cheap price these days, which has its dividend yield approaching 7%. That value and passive-income combo was too good to pass up.

The big draw with Kinder Morgan is its big-time dividend, which it supports with a very strong financial profile.

Source Fool.com

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