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- Three Most Trusted Dividend Companies: Kinder Morgan
Three Most Trusted Dividend Companies: Kinder Morgan
Kinder Morgan is one of the largest energy companies in the United States and is considered to be a safe haven asset amidst current turbulent environment. KMI stocks are traded 11% off their peak values of the last two years, while its dividend yield is at 6.5%. The world has faced a strong energy crisis and there are no doubts KMI services will be in demand in the foreseeable future.
Kinder Morgan has increased its distributable cash flow by 15% to $1,176 million amid high energy prices. Better-than –expected financial conditions of its clients suggest that upcoming contracts could be signed on better financial conditions. In other words, KNO stocks are not overreacting on rising energy prices and may be better secured if energy prices would go down.
The company made buy backs on $275 million of its stocks in the market, or 0.7% of total free float stocks. This could be considered to be an additional reward for investors aside of regular dividends. KMI stocks are unlikely to perform a strong surge in the near future but could be considered as safe haven assets with high dividends for long term-investors who are willing to weather elevated market turbulence.
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