12-09-2015, 06:55 PM
As a relatively new member who has started my own journey in DGI stocks (started in around June of this year, with around 20K so so far), I have 50 shares in KMI. I am not completely sure if I want to add more.
Based on some rules that are widely believed (there is wisdom in it), one of them is look for stocks that have raise divs for 25+ years, and I think KMI doesn't necessarily fall in this. The other interesting point about KMI is, I've read here: http://ir.kindermorgan.com/press-release...1-share-16
they've stated in October: "We currently expect to increase our declared dividend for 2016 by 6 to 10 percent over the 2015 declared dividend of $2.00 per share. We expect this range will provide the flexibility for us to meet our dividend and have excess cash coverage"
Wouldn't they know that in October they may have some idea that there is going to be some div cuts?
Based on some rules that are widely believed (there is wisdom in it), one of them is look for stocks that have raise divs for 25+ years, and I think KMI doesn't necessarily fall in this. The other interesting point about KMI is, I've read here: http://ir.kindermorgan.com/press-release...1-share-16
they've stated in October: "We currently expect to increase our declared dividend for 2016 by 6 to 10 percent over the 2015 declared dividend of $2.00 per share. We expect this range will provide the flexibility for us to meet our dividend and have excess cash coverage"
Wouldn't they know that in October they may have some idea that there is going to be some div cuts?