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: E_K_S who wrote (236)	3/28/2024 7:34:07 AM
From: robert b furman	Read Replies (1) of 357

Good Morning E_K_S, To be honest, I don't know exactly when the adjustment hits. The recent historical usual timing of the ROC usually begins with a partial ROC in the Q2 dividend, with ROC being 100 % of Q3 and Q4. Back in 2020 the dividends were all ROC. Several years back, I did a double check on the dollar amount of ROC and the average taken over my portfolio and it was correct at least close enough not to dispute it. I've resolved myself to relying on the brokers record. What I found hard to backtrack on the numbers occurred when I bought shares that happened around the ex dividend date and those shares that didn't get purchased in time for the dividend and/or the ROC. In my typical year, I'm usually adding to my KMI position. I attempt to get the shares assigned after having sold puts on the stock - usually far out in time to maximize the time premium. I also try to catch the timing of the put sell during dips in price. After having received some dividend funds, I go to my income estimator at TDA and look at what stock is paying the highest yield, that's usually my go to stock that I sell puts on. It's not my usual to not bother getting the cost factor down to the penny. But when you start to sell your high shares, and the cost basis lot gets differing amounts of ROC based on length of ownership, they lose me. I'm accepting the brokers cost basis calculation and picking what battles I want to fight - generally not wanting to pick a fight with the IRS. That's not the perfect way to be, but I'm OK with owning KMI and relying on ROC being treated by the broker's computer more than my own due diligence. I got to that line of reasoning after burning hours trying to reconcile my first year of ROC on KMI and why the cost basis went down. My source document I use for reconciling dividends received and ROC received is the mailed 1099 I get in mid February. There is a company website that details in advance what the ROC is expected to be - it was posted back a month or so ago here. Credit to Jon Koplik: ir.kindermorgan.com Hope that helps. Bob

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