Kinder Morgan forecast to raise dividend by 60% for 2018, the first increase since December 2015. The company slashed its dividend payment at the end of 2015 by 75% in order to cut costs and survive during the oil downturn. The company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25% annually. The board also authorized a $2Bil share buyback program. KMI, that recently had successful IPO of its Canadian business, posted a 7% increase in revenue for 2Q17 to $3.37 bln. It earned $337 mln, a slight increase from $333MM a year ago. A snapshot of the earnings here: http://ift.tt/2vkGTFS
Submitted July 19, 2017 at 06:21PM by DMartis http://ift.tt/2trIwEl
