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 26.09

-0.4%

Nov 3 3:59 PM EST

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To: Johnny Canuck who wrote (222)	1/31/2024 5:53:15 PM
From: Logain Ablar	of 357

Hi JC: Just to keep this on the same thread. I started switching to dividend paying stocks 2 years ago but really added at the beginning of last year with a position in Petrobas A ADR (2 shares / ADR). The dividend is 45% of Free Cash Flow so is variable and while paid quarterly they split it into two pieces. Last year the dividend ended up paying 23% (the 2022 4Q dividend was still at a higher FCF level). Now the stock is up to $16.4 and if the dividend is 11% (my base case if Brent averages $72 then the dividend will only be 46 cents / quarter, this was the Q2 dividend amount so round to $1.8 / $16.4 = 11%. Last year the dividend totaled $2.31 but the Q4 dividend of $1.10 paid in May - 0.54, June - 0.36 and December - 0.20, is now probably only 50 cents. When I purchased I was thinking the dividend would be between $3 and $4 but the new administration changed the board and changed the payout. I can still live with $1.8 to $2.20 depending on the oil price. If Brent breaks below $70 then the $1.80 won't be the floor.

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