KMI - Kinder Morgan: Balancing The Attractive Dividend Yield With Elevated Risks

2024-07-21 18:00:00 ET

Summary

• Kinder Morgan just reported its latest earnings results, presenting an increase of 4% in adjusted earnings per share when compared to the same quarter of the previous year.
• I see Kinder Morgan as an attractive pick for dividend income investors who want to benefit from an appealing Dividend Yield [FWD] of 5.68% and the potential for future increases.
• I have included Kinder Morgan to my watch list for potential inclusion into The Dividend Income Accelerator Portfolio, due to its mix of dividend income and dividend growth.
• However, I currently rate the company as a hold due to its elevated risk-level. This includes the fact that Kinder Morgan is presently overvalued and has a limited growth outlook.

Investment Thesis

This Wednesday, 17th July 2024, Kinder Morgan, Inc. ( KMI ) released its latest earning results. The company presented second quarter adjusted earnings per share [EPS] of $0.25 , which is an increase of 4% compared to the same quarter of the previous year.

I believe that Kinder Morgan can be an attractive addition to a dividend income-oriented investment portfolio, helping you to increase the Weighted Average Dividend Yield of your overall portfolio and to increase the amount of dividend payments to a low degree on an annual basis....

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