2 Stocks With Better Dividends Than Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is a giant in the midstream business, but it's hardly the only company in the space. And it has something of a checkered past when it comes to dividends. If you're an income investor looking at the midstream industry, consider Enterprise Products Partners L.P. (NYSE: EPD) and Shell Midstream Partners LP (NYSE: SHLX) instead.
Kinder Morgan has a $45 billion market cap, making it one of the largest midstream companies in the United States. It has thousands of miles of pipes, processing facilities, storage, and other largely fee-based assets to support its dividend-paying ability. It also has around $12 billion in growth projects in the works. And just recently, it announced plans to increase the dividend in each of the next three years, taking it from $0.50 per share per year to $1.25 in 2020, backing up some industry watchers who have suggested the dividend could be at least doubled. If you're an income-focused investor, that's a pretty enticing piece of information.
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Source: Fool.com
