UPDATE 1-Kinder Morgan Partners raises payout 11 percent

[WallyWeaver]

Booyah! One of the best dividend yields I know of just moved higher. Last quarter KMP paid a $1.26 per share dividend (per quarter) for a 5.75% dividend yield. While it's true their share price is now flirting with $88 they just announced they are raising their dividend payout to $1.29 per share (per quarter). Folks, this is excellent. If you are looking for a true blue chip company, that is solid everywhere you look (earnings, debt, PE ratio, cash on hand, etc.), to capitalize on dividend returns may I suggest KMP.

WW.

UPDATE 1-Kinder Morgan Partners raises payout 11 percent

Wed Jan 16, 2013 5:10pm EST

Jan 16 (Reuters) - Kinder Morgan Energy Partners, which operates oil and gas pipelines and terminals, said on Wednesday it raised its cash distribution 11 percent in the fourth quarter, helped by higher volumes in most of its businesses.

Kinder Morgan, the largest so-called midstream company in North America, was created when it finalized its purchase of El Paso Corp last year in a deal valued around $38 billion.

The company has benefited from the boom in oil and gas exploration surrounding shale formations in North America because many of those basins had little or no infrastructure.

The Houston company raised its quarterly cash distribution to $1.29 per unit, up from $1.16 a year earlier.

Kinder Morgan Energy Partners is a master limited partnership (MLP), a tax efficient structure that distributes most of its cash flows to investors. Kinder Morgan Inc owns the general partnership interest in Kinder Morgan Partners.

"We currently have identified approximately $11 billion in expansion and joint venture investments at KMP that we have, or are confident that we will soon have, under contract and we are pursuing customer commitments for many more projects," Chief Executive Officer Richard Kinder said in a statement.

This year alone, Kinder Morgan Partners said it expects to invest nearly $3 billion in expansion and acquisitions, it said.

Link: http://www.reuters.c...ketsNews&rpc=43

[dontlop]

do ya think in the end fraking law suits will kill these shale oil and gas companies for destroying water supplys ..?

all its going to take is one liberal judge to convict ..and the law suits will snoball

class action law suits .. man .. they could be liable for trillions in damages

Edited January 16, 2013 by dontlop

[WallyWeaver]

do ya think in the end fraking law suits will kill these shale oil and gas companies for destroying water supplys ..?

all its going to take is one liberal judge to convict ..and the law suits will snoball

I'm not sure, it could still go either way considering who is in the ruling majority of the country right now.

But Kinder Morgan (KMP) is not a natural gas producer. They own the pipelines that move fuels in their different states (natural gas, crude, etc.) all over the country. That's why even though many natural gas companies are seeing declining share prices due to a warmer than expected winter, KMP's share price is still rising. They are not necessarily connected to the prices of gasoline or natural gas, in other words. They just move it around the country. In my opinion that's why they are a can't miss company if you are looking for a stable place to put some money and see some returns (very good dividend payout).

WW.

[dontlop]

just sayin .. i live in a smal town off the foot hills of the appalation mountains ,, our town is known for springs .. spring water ,, .. artesian springs .. one spring has 2 10 inch pipes coming out of the side of a hill that provides spring water to many homes .. they say they have no idea where the water is coming from .. its possible it comes from 50 miles up in the mountains and runs through bed rock ,, under ground rivers .. .. if they were to polute that water source ,. it will cost a ton of money to buy our propertys and relocate al of us .. im sure there are many such ares in and around these mountains ,,, theres alot of watch dogs and complaining going on ..it just seems like it might just be a matter of time ..... this fracking is new to this area of the country . im sure it worked out fine in other locations ... but one mistake ..is al it would take

ok .. i thought they were also doing the drilling .. id watch those drilling outfits .. its good now ,, but who knows ,, in youngs town ohio they claim fracking caused 2 earthquakes so far in the area