Here are the highlights:
- Increased the dividend from $0.41 to $0.44, a 7% increase
- Revenue was up vs. last year 9%, as was cash available for dividends
- After the consolidation, which is on track, the dividend is expected to rise 16% next year from $1.72 to $2.00 (full year)
- KMI finished up today, and closed at $35.29. The current dividend yield is around 5%
Here is a FASTGraph for KMI, based on FFO (funds from operations) instead of EPS, which is a more relevant number when looking at KMI:
Due to a hit to cash this year caused by $70B merger, the hit a top of around $40....with the current market sell off, the stock is down nicely, and offers a nice buying opportunity, with a "guaranteed" 16% raise in the dividend next year.
Here is another recent "bull" case article from SA: