Kinder Morgan Partners (KMP)
Don't know if any of you have this -- but this is another GOOD thing to look for in dividend paying stocks -- when they actually INCREASE their dividend! It's like getting a pay raise and while it doesn't seem like much -- how many of you got a 7% pay raise this year??
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today increased its quarterly cash distribution per common unit to $1.23 ($4.92 annualized) payable on Aug. 14, 2012, to unitholders of record as of July 31, 2012. This represents a 7 percent increase over the second quarter 2011 cash distribution per unit of $1.15 ($4.60 annualized) and is up from $1.20 per unit ($4.80 annualized) for the first quarter of 2012. KMP has increased the distribution 44 times since current management took over in February 1997.
|