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Kinder Morgan Sets $0.2975 Third-Quarter Dividend for Nov. 16

The payout is unchanged from the prior quarter and 2% above the year-earlier quarter; shareholders of record as of the close of business Nov. 2 qualify.

Updated 1 min read
Steel natural gas pipes and valves run through an industrial site near Houston, Texas. / EconoTimes.ai
Steel natural gas pipes and valves run through an industrial site near Houston, Texas. / EconoTimes.ai

The company declared a $0.2975 third-quarter payout on Oct. 21. Payment is scheduled for Nov. 16, with eligibility determined by the shareholder register at the close of business Nov. 2.

At the stated rate, the dividend totals $1.19 per share on an annualized basis.

Kinder Morgan's assets include pipelines for natural gas and petroleum, as well as terminals that handle commodity storage. The company said it expects investment returns, earnings and cash flow to support a growing dividend.

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