KMI does not raise their dividend once a year. They have been raising it quarterly. This cash machine has been impressively churning out more dividends at a high rate despite its high yield.
The quarterly dividend has been raised from $0.42 a quarter to $0.48 this year's quarter. This is a very impressive 14.3% increase year over year. $0.48 a quarter is $1.92 annualized. With a price of $44 today that is around a 4.36% yield (very nice!). I will consider adding more to KMI as the ex-dividend is this month.
http://ir.kindermorgan.com/press-release/all/kinder-morgan-increases-quarterly-dividend-048-share-14
Thank you Mr Kinder. I will gladly take a 14% raise to my paycheck :)
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