Kinder Morgan Adds Another $1.4 Billion Project to Fuel Its More Than 4%-Yielding Dividend

Kinder Morgan (NYSE: KMI) pays its investors well. At its current share price, the natural gas pipeline giant's dividend yields 4.3% -- several times higher than the S&P 500's 1.2% yield. The company has increased its dividend for seven straight years, and management has already stated that it plans to push its payout higher again in 2025. The pipeline company should have plenty of fuel to keep growing its dividends in the coming years. One factor powering that view is its ability to secure needle-moving expansion projects. Kinder Morgan recently approved another natural gas pipeline expansion. Here's a look at the growth drivers the company has ahead.Kinder Morgan's Tennessee Gas Pipeline subsidiary recently announced plans to proceed with the Mississippi Crossing Project (aka, the MSX Project). The company will build a 206-mile pipeline from Greenville, Mississippi, to Butler, Alabama, where it will connect to the existing Tennessee Gas Pipeline system and third-party pipelines. The new pipeline will initially have the capacity to transport 1.5 billion cubic feet per day of natural gas, and 100% of that capacity has already been secured under long-term transportation agreements with customers. Kinder Morgan expects the project to enter commercial service in November 2028, assuming it receives all the necessary permits. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool