Could Kinder Morgan Be a Millionaire-Maker Stock?
Kinder Morgan (NYSE: KMI) is one of the largest midstream companies in North America. It has a huge 6.5% yield, five times what you can get from an S&P 500 Index fund. For dividend investors looking to build a seven-figure nest egg, it's worth considering. Here's a look at whether or not Kinder Morgan can be a millionaire-maker stock for you.
There are two types of investors that should likely stay away from Kinder Morgan. The first is the most obvious, the second is more subtle.
As noted, Kinder Morgan is a midstream giant. That means it owns the infrastructure that helps move oil and natural gas around the world. While its assets would be hard, if not impossible, to replicate, anyone who prefers to avoid carbon-tied investments will want to avoid Kinder Morgan, no matter how attractive an investment it might or might not be.
Source Fool.com
