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Strategies & Market Trends : Option Strategies
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To: CusterInvestor who wrote (2284)11/30/2021 11:09:14 AM
From: robert b furman1 Recommendation

Recommended By
CusterInvestor

  Read Replies (2) of 2591
 
Hi Custer,

I've been kindered a long time ago.

Richard Kinder is the largest stockholder and has gotten religion about reducing debt.

KMI has sufficient cashflow to fund future growth programs internally and pay the dividend.

Kinder had wanted to go to $1.25 this year, but was conservative ( due to the pandemic) and raised the dividend only 8 cents to $1.08.

KMI has a lot of free cash flow and should hit their debt reduction target by year end of 4.0 x's.

With ESG demands KMI is destined for natural gas replacing the coal burning power plants. plus they have their two big pipe lines from the Permian now adding cash flow. Drilling rigs are slowly growing in the Permian.

It should al add up for higher dividends and more debt reduction.

KMI has been high grading their expansions and trimmed some of their future Capex backlog.

KMI is in the range where the dividend yield and safety will support price. IMO.

Bob
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