DGI For The DIY

[EricL]

(12-23-2017, 09:51 PM)DividendGarden Wrote:

(12-19-2017, 11:22 AM)EricL Wrote: Here is my dividend income update for November.

DGI For The DIY: November Dividend Income Update

Income was up 42.8% year over year. Not too shabby!

Great job!  Regarding the KMI dividend increase that you mentioned in the article, how much faith do you have in them?  They said the dividend was safe before they cut it.

I'm willing to give KMI a chance to redeem itself. It got caught off-guard with crude crashing to the $20's, and chose to preserve its credit rating and spending on capex over the dividend, which was probably the best decision for the long-term health of the company. 

The dividend cut doesn't change the fact that KMI has some of the best mid-stream assets in the country.

WTI briefly touched $60 today, and I think is headed higher in the months ahead. I think the future is bright for KMI, CVX, XOM, and others.