12-08-2020, 06:39 PM
(12-08-2020, 04:59 PM)EricL Wrote: Kinder Morgan (NYSE:KMI) issues preliminary financial projections for 2021, including $1.08/share in dividends - a 3% Y/Y increase - and $1.2B in distributable cash flow in excess of discretionary capital spending and dividends.I was one of those that got burned by KMI with the dividend promise game five years ago. I was very bitter of course, but they have done a good job of adjusting the company into a more conservative mode. Pretty sure the dividend was supposed to by $1.25 now, but they didn't cut and that's a big win IMO with the current environment and the share price down. A small dividend increase this year and next is solid with all that has happened lately. I own quite a bit of ENB but I may need to do a head to head comparo and see where I should be going forward.