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Data last updated: Oct 02, 2026
Snapshot (as of Oct 02, 2026): Kinder Morgan, Inc. (KMI) pays a $1.18 annual dividend ($0.30 quarterly), yielding 3.87% at $30.53/share. Next ex-dividend date 2026-08-03. 9 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.87%
Annual Dividend: $1.18 per share
Payout Ratio: 75.8%
Ex-Dividend Date: 2026-08-03
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 16
Kinder Morgan, Inc. operates roughly 83,000 miles of pipelines and 143 terminals across North America, making it one of the largest energy infrastructure companies on the continent. The Kinder Morgan, Inc. dividend currently yields 3.71%, with a trailing annual rate of $1.18 per share paid quarterly. The next ex-dividend date is August 3, 2026, and the last declared quarterly payment was $0.2975 per share. With a beta of 0.551, KMI stock moves well below the broader market, which suits income-focused investors who prioritize lower price volatility over aggressive growth.
Kinder Morgan, Inc. pays out 75.8% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's role as an infrastructure operator: pipelines and terminals handling gasoline, diesel, chemicals, and natural gas tend to generate recurring fee-based demand rather than commodity-price-driven revenue. Kinder Morgan, Inc. dividend safety faces its most visible pressure from that same elevated payout, which leaves limited room to absorb earnings shortfalls without affecting the dividend.
Kinder Morgan, Inc. dividend history shows a CAGR of -1.1% per year from 2012 to 2025. Per-share payments moved from $1.34 in 2012 to $1.165 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 45.0% in 2018, but the history also contains at least one year-over-year decline exceeding 5%, most visibly the drop from $1.93 in 2015 to $0.50 in 2016 and 2017. Growth is slow, and the negative long-run CAGR means income investors have not kept pace with inflation on this dividend alone.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.9% | $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 fits income-focused investors who want exposure to essential energy infrastructure and can accept a dividend that has been uneven over time. The current yield of 3.71% sits in the moderate (2-4%) range and runs slightly above the 5-year average of 3.52%, which means the stock is offering a marginally better entry yield than its recent norm. Nine consecutive years of increases show the dividend has been rebuilt since its 2016 cut, but the 75.8% payout ratio leaves little cushion. What an investor gets here is a below-market-beta income stream tied to pipeline and terminal infrastructure. What they accept is a high payout ratio and a long-run dividend CAGR that is slightly negative.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-03 | $0.2975 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8875 |
| 2025 | $1.1650 |
| 2024 | $1.1450 |
| 2023 | $1.1250 |
| 2022 | $1.1025 |
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