Monday, May 19, 2014

FRIP Purchase

I added more shares to my position of Kinder Morgan Inc. (KMI).

1 Share @ $33.31 on 4-19-2014


This increases my forward 12-month dividend income by $1.68 to a total of $1,567.20


I also updated my portfolio page to reflect the change.

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3 comments:

  1. DivHutMay 20, 2014 at 8:30 PM

    I see that a lot of bloggers are into KMI. While I like their business I just have trouble buying into a company that has such a high payout ratio for their dividends. Are you not concern about KMI's ability to keep raising their dividends in the future or are you more focused on current yield instead?

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    Replies
    1. FFdividendMay 20, 2014 at 9:10 PM

      Hi DivHut, KMI is a MLP which like REIT you have to look at the free cash flow. KMI payout ratio is 41% as of 2013 from fast graph.

      Delete
  2. DivHutMay 23, 2014 at 3:16 AM

    I thought KMI is set up like a regular corporation and not like MLP like KMP etc.

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