KMI announces quarterly dividend of .20, same as last quarter. Only a 150% increase from here and I'll once again be receiving the exact same dividend I received when I purchased the stock at over $40 four years ago. Sorry if I sound bitter.
I'm gone like the wind if oil crashes again. They seem to be heading in the right direction and I would be pleased to buy it right now. They seem to be expanding without borrowing more money which is good.
This is NOT a dividend aristocrat or even a proper DGI stock. I know some of you own it and if I scare anybody into swing trading this next year when the oil cycle fades, then good, because that is my intent, you can thank me later when you don't get burned when their cash flow vanishes. I highly recommend this stock not be blindly held for the long term. This is not XOM. It's truly not management's fault IMO. The oil sector is just that brutal. KMI is 200% as volatile as an oil major with deeper pockets that can better ride out $40 oil prices for years.
Sermon over, I just don't want my forum friends to get burned like I did. Hear me now and believe me later lol.