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Strategies & Market Trends : Dividend investing for retirement

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B.O. Plenty

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lizardK

To: rnsmth who wrote (30879)	3/7/2019 5:36:12 PM
From: JimisJim	3 Recommendations Read Replies (1) of 34328

I'll never trust Mr. Kinder again with a single dime of my money and I actually came out ahead when he rolled up KMR and KMP into KMI and went C Corp... just a month or two previously, Richard had been promising an average divvy hike of 10% a year for 5 years... and then ended up cutting the divvy 75% not that many years ago... so from my perspective, a 10% hike is not real as it's 10% of a divvy that's 75% lower to begin with... For new investors, I can see the allure... but anyone with any knowledge of Richard Kinders' long history in the patch will never trust anything he says -- he fooled me twice, but not gonna get a chance for the hat trick. His current announcements means after the next hike, the divvy will still only be 40% of what it was as recently as 2016 -- I actually went back (tax time finds me digging through lots of documents to scan and shred) and calculated this as it seems KMI is a darling of almost everyone over at SeekingAlpha... I just don't trust him and there are many other plays as good or better out there, IMO.

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