Tuesday, July 22, 2008

Kinder Morgan Energy Partners (KMP) Increases Dividend 16%

On July 16, 2008, KMP increased its quarterly cash distribution per unit to $0.99 from $0.96 which is a 16% increase over the Q2 2007 distribution. Distributable cash flow per unit before certain items was $1.14, up 31 percent from $0.87 per unit for the comparable period last year. KMP has increased the distribution 33 times since current management took over in February of 1997.

See my full write up on KMP at The DIV-Net. Visit www.thediv-net.com for other dividend and value stock stories.