KMI- a fallen high dividend yielder - for how long? Message Board

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Technology Stocks : KMI- a fallen high dividend yielder - for how long?

KMI 26.56

+1.7%

Nov 7 9:30 AM EST

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robert b furman

To: Elroy who wrote (175)	3/1/2023 11:18:39 AM
From: E_K_S	1 Recommendation Read Replies (1) of 357

I wish it was once per year! That's what killed KMI is they actually cut their dividend in 2019 (from memory) and the stock crashed. That was because of industry issues, low commodity prices and too much debt. WMB has always managed these constraints, not so much w/ KMI (especially debt and exposure to commodity prices). KMI did change their long term service contracts that allows for fixed & variable fees. Much more predictable revenues streams based on their total capacity. FWIW, usually REIT FFO is more predictable and growing. Now price increases harder for the real estate properties. I am thinking KMI & WMB may have more pricing power in their contract fees (all other utilities are raising rates). As a result been moving more monies into these pipeline companies and not so much into REITs. The 6.5% yield is quite attractive.

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