PMBPF - Kinder Morgan: This 6.2% Yielder Is Still A Good Place To Park New Money
- Kinder Morgan is one of the largest and most respected midstream companies in the industry, along with being a long-time favorite of income investors.
- The company weathered through the pandemic quite well as its business model results in very stable cash flows.
- The company still enjoys some growth prospects, especially in the natural gas space, as it moves to tap into the growing global demand for the compound.
- The company has reasonably strong finances, although I would like it to bring down the debt a bit.
- The dividend is extremely well covered and currently results in the company boasting a 6.2% yield.
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Kinder Morgan: This 6.2% Yielder Is Still A Good Place To Park New Money