--- title: "Kinder Morgan, Inc. (NYSE:KMI) Is About To Go Ex-Dividend, And It Pays A 3.8% Yield" type: "News" locale: "en" url: "https://longbridge.com/en/news/294198365.md" description: "Kinder Morgan (NYSE:KMI) goes ex-dividend on August 3rd, with a payment of $0.2975 per share on August 17th, yielding 3.8%. While earnings have grown 101% annually over five years, the dividend payout ratio is concerning: 76% of earnings and 99% of free cash flow were distributed last year. Additionally, dividends have declined by 5.2% annually over the past decade despite rising earnings, raising sustainability concerns." datetime: "2026-07-29T11:16:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294198365.md) - [en](https://longbridge.com/en/news/294198365.md) - [zh-HK](https://longbridge.com/zh-HK/news/294198365.md) --- # Kinder Morgan, Inc. (NYSE:KMI) Is About To Go Ex-Dividend, And It Pays A 3.8% Yield **Kinder Morgan, Inc.** (NYSE:KMI) stock is about to trade ex-dividend in four days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Kinder Morgan's shares before the 3rd of August in order to be eligible for the dividend, which will be paid on the 17th of August. The company's next dividend payment will be US$0.2975 per share, and in the last 12 months, the company paid a total of US$1.19 per share. Last year's total dividend payments show that Kinder Morgan has a trailing yield of 3.8% on the current share price of US$31.61. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. It paid out 76% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. We'd be concerned if earnings began to decline. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. The company paid out 99% of its free cash flow over the last year, which we think is outside the ideal range for most businesses. Companies usually need cash more than they need earnings - expenses don't pay themselves - so it's not great to see it paying out so much of its cash flow. Kinder Morgan paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Were this to happen repeatedly, this would be a risk to Kinder Morgan's ability to maintain its dividend. See our latest analysis for Kinder Morgan Click here to see the company's payout ratio, plus analyst estimates of its future dividends. NYSE:KMI Historic Dividend July 29th 2026 ## Have Earnings And Dividends Been Growing? Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's comforting to see Kinder Morgan's earnings have been skyrocketing, up 101% per annum for the past five years. Earnings have been growing quickly, but we're concerned dividend payments consumed most of the company's cash flow over the past year. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Kinder Morgan's dividend payments per share have declined at 5.2% per year on average over the past 10 years, which is uninspiring. Kinder Morgan is a rare case where dividends have been decreasing at the same time as earnings per share have been improving. It's unusual to see, and could point to unstable conditions in the core business, or more rarely an intensified focus on reinvesting profits. ## The Bottom Line Is Kinder Morgan worth buying for its dividend? It's good to see that earnings per share are growing and that the company's payout ratio is within a normal range for most businesses. However we're somewhat concerned that it paid out 99% of its cashflow, which is uncomfortably high. Overall we're not hugely bearish on the stock, but there are likely better dividend investments out there. With that being said, if dividends aren't your biggest concern with Kinder Morgan, you should know about the other risks facing this business. Every company has risks, and we've spotted **2 warning signs for Kinder Morgan** (of which 1 is potentially serious!) you should know about. A common investing mistake is buying the first interesting stock you see. Here you can find **a full list of high-yield dividend stocks.** ### Valuation is complex, but we're here to simplify it. Discover if Kinder Morgan might be undervalued or overvalued with our detailed analysis, featuring **fair value estimates, potential risks, dividends, insider trades, and its financial condition.** Access Free Analysis ### Related Stocks - [KMI.US](https://longbridge.com/en/quote/KMI.US.md) ## Related News & Research - [Kinder Morgan Stock Outlook: Is Wall Street Bullish or Bearish?](https://longbridge.com/en/news/294193761.md) - [Quantinno Capital Management LP Has $60.06 Million Position in Kinder Morgan, Inc. $KMI](https://longbridge.com/en/news/294184510.md) - [This High-Yield Bank Stock Just Raised Its Dividend by 11.7%.](https://longbridge.com/en/news/294124764.md) - [This stock is knocking on the door of the dividend kings -- and Wall Street thinks it has room to run](https://longbridge.com/en/news/294232149.md) - [Phibro Animal declares $0.12 dividend](https://longbridge.com/en/news/294178396.md)