KMI - On the road to disaster?

[foxfirev5]

AMLP is down to about 10.75. I'd bite right now but have no idea how much the dividend will sink. I probably won't jump in since I really don't need it, but it's interesting.

 

[Free To Canoe]

Today I purchased KMI, for the following reasons:

1) Richard Kinder has a horrible reputation among investors with most claiming they will never be burned by him again after believing his claims of dividend growth via borrowings.

2) The dividend is announced to go up 60% in January to $0.80 per share. When announced in October KMI could not have been sure a tax bill would be announced but the tax bill will more than fully pay for this dividend increase.

3) Budget is based on $53 West Texas Crude, with WTI now at $59.68 KMI should have upside on the income side and with the lower tax rates KMI gets to keep more. The new tax law makes this company much more valuable and due to #1 above it is not presently being recognized.

4) Cold winter weather should greatly increase natural gas volumes and increase KMI tolling services quite positively.

I am optimistic in a return to $25-$30 a share in price and can see where the dividend to be near $1.25 by 2020 as KMI is giving in forward projections, which is 6.9% on today's stock price.

I also bought KMI for the first time, about three weeks ago.

Thanks for the info. Your argument was convincing so I bought some at 18.25 about the time of your post. Bought some more today when my ridiculously low limit order for 15.25 filled. Bargain time?

Well the bad news is that the share price never quite made it to $30. The good news is that I have been collecting the 6% dividend the whole time.

 

[SecondAttempt]

I bought it for the dividend at 14 just before Christmas last year, collected 3 dividends, and sold it for $18 a few weeks ago. About 33% profit in 10 months.

 

[Free To Canoe]

I bought it for the dividend at 14 just before Christmas last year, collected 3 dividends, and sold it for $18 a few weeks ago. About 33% profit in 10 months.

Nice. I missed out on the real oil field bargains. I had too much already for comfort.

 

[Running_Man]

Well the bad news is that the share price never quite made it to $30. The good news is that I have been collecting the 6% dividend the whole time.

Dividend raises were a little less than I expected the company to do, but still not bad @ 1.08. Climate so to speak not ideal for this type of company seeking to change it's outlook.
Ex/EFF DATE TYPE CASH AMOUNT DECLARATION DATE RECORD DATE PAYMENT DATE
10/29/2021 CASH $0.27 10/20/2021 11/01/2021 11/15/2021
07/30/2021 CASH $0.27 07/21/2021 08/02/2021 08/16/2021
04/29/2021 CASH $0.27 04/21/2021 04/30/2021 05/17/2021
01/29/2021 CASH $0.262 01/20/2021 02/01/2021 02/16/2021
10/30/2020 CASH $0.262 10/21/2020 11/02/2020 11/16/2020
07/31/2020 CASH $0.262 07/22/2020 08/03/2020 08/17/2020
05/01/2020 CASH $0.262 04/22/2020 05/04/2020 05/15/2020
01/31/2020 CASH $0.25 01/22/2020 02/03/2020 02/18/2020
10/30/2019 CASH $0.25 10/16/2019 10/31/2019 11/15/2019
07/30/2019 CASH $0.25 07/17/2019 07/31/2019 08/15/2019
04/29/2019 CASH $0.25 04/17/2019 04/30/2019 05/15/2019
01/30/2019 CASH $0.20 01/16/2019 01/31/2019 02/15/2019
10/30/2018 CASH $0.20 10/17/2018 10/31/2018 11/15/2018
07/30/2018 CASH $0.20 07/18/2018 07/31/2018 08/15/2018
04/27/2018 CASH $0.20 04/18/2018 04/30/2018 05/15/2018
01/30/2018 CASH $0.125 01/17/2018 01/31/2018 02/15/2018