Kinder Morgan, Inc. (KMI) to Distribute Quarterly Dividend of $0.30 on November 16th

by · The Cerbat Gem

Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be given a dividend of $0.2975 per share by the pipeline company on Monday, November 16th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 2nd.

Kinder Morgan has a payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Kinder Morgan to earn $1.55 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 76.8%.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $33.68 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. Kinder Morgan has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a market capitalization of $74.99 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.39 and a beta of 0.59. The stock’s 50-day simple moving average is $31.85 and its 200-day simple moving average is $32.04.

Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. Kinder Morgan had a return on equity of 10.85% and a net margin of 19.64%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. As a group, equities research analysts forecast that Kinder Morgan will post 1.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent analyst reports. Citigroup restated a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of Kinder Morgan in a research report on Wednesday, July 29th. Argus increased their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Melius Research started coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Finally, Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.55.

View Our Latest Report on Kinder Morgan

About Kinder Morgan

(Get Free Report)

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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