12-11-2015, 09:41 AM
(12-09-2015, 06:55 PM)stewardinlife Wrote: 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?
That's exactly what gives us pause. First they said 10% annually for five years, then they changed it to 6-10%, then they cut 75%. I don't mind the cut, I think that's what they needed to do, but what concerns me is they make me feel like they don't have their finger on the pulse of the company.