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Data last updated: Jul 03, 2026
Dividend Yield: 3.67%
Annual Dividend: $1.18 per share
Payout Ratio: 78.9%
Ex-Dividend Date: 2026-05-04
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 16
Kinder Morgan, Inc. operates one of North America's largest energy infrastructure networks, spanning approximately 83,000 miles of pipelines and 143 terminals across natural gas, refined products, and CO2 segments. The Kinder Morgan, Inc. dividend currently yields 3.54%, with a trailing annual rate of $1.1750 per share paid quarterly. The next ex-dividend date is May 4, 2026, and the last declared payment was $0.2975 per share. With a beta of 0.539, KMI stock carries meaningfully lower price volatility than the broader market, which suits income-focused investors who prioritize steadier returns over capital appreciation.
Kinder Morgan, Inc. pays out 78.9% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's infrastructure-based business model: pipelines and terminals handling gasoline, diesel, natural gas, and chemicals generate recurring fee-based demand rather than commodity-price-driven revenue. Kinder Morgan, Inc. dividend safety is further shaped by the breadth of its four operating segments, which spread exposure across natural gas pipelines, products pipelines, terminals, and CO2. The primary pressure point is the payout ratio itself: at nearly 79%, there is limited room to absorb an earnings decline without revisiting the dividend.
Kinder Morgan, Inc. dividend history shows a CAGR of -17.1% per year from 2012 to 2025. Per-share payments moved from $13.4000 in 2012 to $1.1650 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the available window was 45.0% in 2018, reflecting the recovery phase after a significant cut in the mid-2010s. Since 2017, KMI has posted nine consecutive years of dividend increases, but the pace has been slow: recent annual raises have been in the low single digits, which limits real income growth for shareholders.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.8% | $1.10 (2022) | $1.17 (2025) |
| 5-Year | +2.3% | $1.04 (2020) | $1.17 (2025) |
| 10-Year | -4.9% | $1.93 (2015) | $1.17 (2025) |
KMI stock is built for income-focused investors who want exposure to essential energy infrastructure with below-average price swings. The current yield of 3.54% falls in the moderate (2-4%) range and sits slightly above the 5-year average of 3.38%, meaning today's entry point offers a marginally better income rate than the recent norm. Nine consecutive years of increases show a commitment to growing the payout, but the pace is slow and the 78.9% payout ratio leaves little cushion. What an investor gets here is a lower-volatility income stream tied to North America's pipeline and terminal network. The trade-off is limited dividend growth and a payout ratio that leaves little room for error.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-04 | $0.2975 |
| 2026-02-02 | $0.2925 |
| 2025-11-03 | $0.2925 |
| 2025-07-31 | $0.2925 |
| 2025-04-30 | $0.2925 |
| 2025-02-03 | $0.2875 |
| 2024-10-31 | $0.2875 |
| 2024-07-31 | $0.2875 |
| 2024-04-29 | $0.2875 |
| 2024-01-30 | $0.2825 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.5900 |
| 2025 | $1.1650 |
| 2024 | $1.1450 |
| 2023 | $1.1255 |
| 2022 | $1.1035 |
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