Kinder Morgan, Inc. (KMI) To Go Ex-Dividend on November 2nd

Kinder Morgan, Inc. (NYSE:KMI) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 2nd will be paid 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 dividend 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 tumble. Equities research analysts expect Kinder Morgan to earn $1.49 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 79.9%.

Kinder Morgan Stock Performance

Shares of KMI opened at $33.90 on Friday. The stock has a 50 day moving average of $32.06 and a 200 day moving average of $32.03. The company has a market capitalization of $75.52 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.36 and a beta of 0.59. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a current ratio of 0.67, a quick ratio of 0.36 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Kinder Morgan will post 1.57 earnings per share for the current year.

About Kinder Morgan

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.