What are some historical dividends for KMI stock?


Quick Answer

The history of dividends for Kinder Morgan stock go back to 1993, according to Dividend.com. On March 31, 1993, the company paid a dividend of 15 cents per share to stockholders. On May 15, 2015, the company disbursed 48 cents per share to investors.

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Full Answer

Kinder Morgan pays dividends on a quarterly basis, notes the company's official website. The first dividend paid in 2011 came to 14 cents per share after the company joined the New York Stock Exchange, following a four-year hiatus. The next two dividends were 30 cents each for 2011, before reaching 40 cents in August 2013. As of 2015, dividends for this stock have climbed steadily since the initial public offering in May 2011.

Before the company went private in May 2007, dividends paid 88 cents per share from February 2006 to May 2007, says Dividends.com. During this time, chairman Richard D. Kinder spearheaded a move to take the company private with the approval of Kinder Morgan's management team, according to the company website. As of July 2015, the dividends paid in 2006 and 2007 represent the largest quarterly dividend payouts in the Kinder Morgan's history.

In May 2012, Kinder Morgan completed the purchase of El Paso Corporation for $38 billion, notes the Kinder Morgan website. Despite this large acquisition, the company still paid dividends of 31 cents in February 2012, followed by successive quarterly dividends of 31, 32 and 35 cents per share.

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