Kinder Morgan Partners (KMP)
Don't ya just love getting a RAISE!!!
HOUSTON--(BUSINESS WIRE)--May. 13, 2013-- Kinder Morgan today announced an increase in its 2013 projections for Kinder Morgan, Inc. (NYSE: KMI) and Kinder Morgan Energy Partners, L.P. (NYSE: KMP) primarily based on projected contributions from the Copano Energy acquisition, which closed on May 1, 2013. KMI now expects to declare dividends of $1.60 per share for 2013, up from its published annual budget of $1.57 per share, which represents an increase of approximately 14 percent over its 2012 declared distribution of $1.40 per share. KMP now expects to declare cash distributions of $5.33 per unit, up from its 2013 published annual budget of $5.28 per unit, which represents a 7 percent increase over its 2012 declared distribution of $4.98 per unit.
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