4 Things Kinder Morgan Inc.'s Management Wants You to Know About What Lies Ahead
Kinder Morgan (NYSE: KMI) recently put the wraps on another solid quarter. However, overshadowing its financial results was the unveiling of the company's plans to return more cash to shareholders starting next year. Its management team provided more details on that policy change, as well as some other valuable nuggets, during the accompanying conference call. Here are four things they wanted investors to know about that plan and what else to expect in the future.
Founder and Executive Chairman Richard Kinder led off the call by saying:
At the end of 2015 we made a very difficult decision to reduce our dividend for the first and only time in KMI's history. We said we would work hard to strengthen our balance sheet and fund our growth CapEx from our internally generated cash flow without having to issue equity or additional debt. And that when we had made sufficient progress on those goals, we would begin to return additional value to our shareholders through some combination of dividend increases and/or stock repurchases.
Source: Fool.com
Enbridge Inc. Stock
We see a rather positive sentiment for Enbridge Inc. with 7 Buy predictions and 2 Sell predictions.
With a target price of 53 € there is a hugely positive potential of 54.88% for Enbridge Inc. compared to the current price of 34.22 €.
