Top S&P 500 Dividend Stocks #10 – Kinder Morgan (KMI)
Like many names in the energy industry — Kinder Morgan (KMI) operates oil and gas pipelines — stagnant-to-falling prices are weighing on the company’s shares. KMI stock is off 2% for the year-to-date, but it has turned up recently. Just a month ago, KMI stock was down more than 11% for the year.
Some analysts believe KMI stock has finally bottomed out, and although a rising share price lowers the yield for new money, KMI hiked its dividend two months ago to maintain its generous payouts.
What Kinder Morgan really needs is for demand for energy to pick up.
In the meantime, though, shareholders will have to make do with the hefty dividend.