Kinder Morgan's Strong Dividend Prospects Backed by Expanding Project Pipeline

Reported 1 day ago

Kinder Morgan, Inc. (NYSE:KMI), a major North American energy infrastructure company, is set to maintain its appeal for dividend investors with a robust project backlog totaling around $900 million, largely driven by soaring natural gas demand. UBS has confirmed a Buy rating for the stock with a target of $38, reflecting confidence in its future performance. The company has a dividend yield of 4.23%, supported by eight consecutive years of growth, though with a high payout ratio suggesting limited reinvestment capacity.

Source: YAHOO

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