Kinder Morgan Expects to Increase Its 6.3%-Yielding Dividend Again in 2024
Kinder Morgan (NYSE: KMI) recently provided its financial guidance for 2024. The natural gas pipeline giant expects its earnings and free cash flow to rise next year. That's giving the company the fuel to raise its already attractive 6.3%-yielding dividend once again.
Here's a look at what Kinder Morgan sees ahead in 2024.
Kinder Morgan revealed its financial expectations for the coming year. The pipeline company expects to generate $8 billion of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). That's 5% higher than what it expects to produce this year. The company also expects its distributable cash flow (DCF) to rise by 5% to $5 billion, or $2.21 per share.
Source Fool.com
