By Marc Lichtenfeld Kinder Morgan (NYSE: KMI) is one of the more popular pipeline companies with investors.
The stock pays a $0.25 per share quarterly dividend, which comes out to a 5% yield.
Kinder Morgan has 84,000 miles of oil and gas pipelines and 157 terminals.
The company generates plenty of cash flow. Cash available for distribution (CAD) is the measure of cash flow used by pipeline companies, and Kinder Morgan’s CAD has been growing over the past few years, albeit slowly.
In 2019 and 2020, CAD is forecast to grow 3% each year. It is forecast to be $4.87 billion this year and $5.03 billion in …read more
