Forget Kinder Morgan, Inc.: These 2 Stocks Are Better High-Yield Buys

Forget Kinder Morgan, Inc.: These 2 Stocks Are Better High-Yield Buys

Oil and natural gas midstream giant Kinder Morgan Inc. (NYSE: KMI) just announced plans for a 60% dividend increase in 2018. That increase is to be followed by 25% increases in 2019 and 2020. That sounds great, but it still doesn't get the company's dividend back to where it was before the 2016 dividend cut, a move partially driven by a heavy debt load. And that's why Enterprise Products Partners L.P. (NYSE: EPD) and Magellan Midstream Partners, L.P. (NYSE: MMP) are better buys.    

Toward the end of 2015, Kinder Morgan announced that it expected to increase its dividend in 2016. Management explained that it was committed to "continue to return cash to our shareholders in increasing amounts." Just a month or so after those statements, however, Kinder Morgan slashed its dividend a massive 75%.    

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Source: Fool.com