Kinder Morgan Maintains Strong Dividend Appeal with Growing Project Backlog

From Yahoo Finance: 2025-06-22 04:51:00

Kinder Morgan, Inc. (NYSE: KMI) is among Jim Cramer’s top 10 dividend stocks. With a Buy rating from UBS and a $38 price target, Kinder Morgan maintains strong dividend appeal. The company operates 83,000 miles of pipelines and 141 terminals, transporting products like natural gas, crude oil, and more. In Q1 2025, Kinder Morgan added $900 million to its project backlog, focusing on meeting power demand. Despite a 4.23% dividend yield, the 99.14% payout ratio raises concerns about earnings retention. UBS’s confidence in Kinder Morgan’s performance is reflected in its reiterated Buy rating and price target.



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