How Much Will Kinder Morgan Pay Out in Dividends This Year?

Core Insights - Kinder Morgan has one of the highest dividend yields in the S&P 500, currently exceeding 5%, significantly higher than the average yield of below 1.5% [1] - The company has increased its quarterly dividend rate to $0.2875 per share, marking a 2% increase from the previous year, and is set to distribute approximately $2.6 billion in cash dividends in 2024 [1] - Kinder Morgan's distributable cash flow is projected to be $5 billion, or $2.26 per share, which is an 8% increase from 2023, resulting in a dividend payout ratio of around 51% [1] Financial Position - The company will retain about $2.4 billion in excess free cash flow this year, which is sufficient to fund its annual growth capital spending plan of around $2 billion [2] - Kinder Morgan is expected to end the year with a leverage ratio of 3.9, within its long-term target range of 3.5 to 4.5 [2] - With increasing cash flows and a conservative financial profile, Kinder Morgan is well-positioned to continue enhancing its high-yielding dividend, making it an attractive option for investors seeking sustainable passive income [2]