KMI announced yesterday a quarterly dividend increase of from $0.42 to $0.43 per share that’s payable August 15, 2014 to holders of record July 31, 2014. This represents a 5% increase to the cash distribution from the second quarter of 2013.
This marks two consecutive quarters of dividend increases after keeping them the same for a couple of quarters last year. This is the 52nd distribution increase since 1997!
KMI remains a full position in my portfolio and I’m currently holding with no plans to accumulate more unless there is a big correction.
Since I own 345.25 shares this will increase my yearly dividends by $13.81. I’ve had 25 stocks in my portfolio increase their dividend already this year.