Kinder Morgan (KMI) Lowers Quarterly Dividend 75.5% to $0.125; 4.1% Yield
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Kinder Morgan Generates $4.7 Billion of Distributable Cash Flow for 2015
January 20, 2016 4:05 PM ESTKMI's 2015 DCF/Share Increased to $2.14, Up 7% Over 2014
2016 Cash in Excess of Dividend Expected to Fully Fund Growth Projects
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved a quarterly cash dividend of $0.125 ($0.50 annualized) payable on Feb. 15, 2016, to shareholders of record as of the close of business on Feb. 1, 2016. This is down from $0.51 per share ($2.04 annualized) for the third quarter of 2015. Consistent with KMI's 2016 guidance provided on Dec. 8, 2015, KMI expects to declare dividends of $0.50 per share for 2016 and use cash in... More
