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Stock impact report

Edited Transcript of KMI earnings conference call or presentation 22-Apr-20 8:30pm GMT [Yahoo! Finance News]

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Now let me talk about our dividend. July 2017, when we were paying an annual dividend of $0.50, we said we expected to increase that dividend $0.80 in 2018 to $1 in 2019 to $1.25 in 2020. Met those expectations in both 2018 and 2019, and we have the financial wherewithal to meet the $1.25 target in 2020 with significant coverage. That said, in unprecedented times like these, the wise choice in the opinion of our management and our Board is to preserve flexibility and balance sheet capacity. Consequently, we are not increasing the dividend to the $1.25 we projected under far different circumstances in 2017. Nevertheless, as a sign of our confidence in the strength of our business and the security of our cash flows, we are increasing the dividend to $1.05 annualized, a 5% increase. Doing so, we believe we have struck the proper balance between maintaining balance sheet strength and returning value to our shareholders, which remains a primary objective of our company. We remain committed Show less Read more
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