Kinder Morgan, Inc. (NYSE:KMI) declared a quarterly dividend on Wednesday, April 21st, RTT News reports. Stockholders of record on Friday, April 30th will be paid a dividend of 0.27 per share by the pipeline company on Monday, May 17th. This represents a $1.08 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Thursday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.26.
Kinder Morgan has raised its dividend payment by 107.5% over the last three years and has increased its dividend every year for the last 3 years. Kinder Morgan has a dividend payout ratio of 118.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kinder Morgan to earn $0.91 per share next year, which means the company may not be able to cover its $1.08 annual dividend with an expected future payout ratio of 118.7%.
Shares of Kinder Morgan stock opened at $16.36 on Friday. The company has a fifty day simple moving average of $16.36 and a 200-day simple moving average of $14.59. Kinder Morgan has a 12-month low of $11.45 and a 12-month high of $17.97. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.02. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 327.20, a PEG ratio of 5.61 and a beta of 0.98.
Several analysts recently commented on the stock. Barclays reiterated an “equal weight” rating and issued a $15.00 price target (down previously from $16.00) on shares of Kinder Morgan in a research report on Tuesday, January 12th. TheStreet downgraded shares of Kinder Morgan from a “b-” rating to a “c+” rating in a research report on Thursday, March 18th. Sanford C. Bernstein restated a “market perform” rating and set a $17.00 price objective (down previously from $18.00) on shares of Kinder Morgan in a research report on Monday, March 15th. Tudor Pickering downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, January 8th. Finally, TD Securities upped their price objective on shares of Kinder Morgan from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.53.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
Featured Article: What is the Difference Between Common Shares and Convertible Shares?
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.