WE RECENTLY PURCHASED THE FOLLOWING
KINDER MORGAN (KMI)
Purchased 12 shares of KMI on 8/5/2015 at $32.25
Total Spent: $387.00
KINDER MORGAN (KMI)
Purchased 12 shares of KMI on 8/5/2015 at $32.25
Total Spent: $387.00
On Wednesday (8/5/15), we pick up 12 more shares of KMI (Kinder Morgan). With our recent purchase, we now own 35 total shares of KMI in our family's dividend stocks portfolio.
With our purchase of KMI, we added $23.52 in forward dividends to our family's dividend stocks portfolio. This puts our yearly dividends at approximately $2,985/year (excluding our Edwards Jones account) and $3,343/year (including our Edward Jones account).
Since we had already held KMI shares in our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 44 different dividend paying stocks/ETFs and also 4 companies that either don't pay a dividend our has currently suspended their dividends.
Our family's dividend stocks portfolio may be found
by clicking on the link below:
We also maintain an extensive list of stock analysis
that can be access through the link below:
We also just started a list of Recent Buys by other bloggers
that can be access through the link below:
HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
Kinder Morgan (KMI)
P/E: 41.74
Payout Ratio (DPS/EPS): 252% ($1.96/$0.77)
Dividend Yield: 6.00%
4 consecutive years of dividend increases
Last Ex-dividend date: 7/29/2015
Payout Ratio (DPS/EPS): 252% ($1.96/$0.77)
Dividend Yield: 6.00%
4 consecutive years of dividend increases
Last Ex-dividend date: 7/29/2015
Next Ex-dividend date: approx. - 10/29/2015
Have paid a dividend since: 1937 (78 years!)
Pays a dividend 4 times a year.
Market Cap: 70.4 Billion
52-week high: $44.71
52-week low: $31.09
Purchased Price: $32.25
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1937 (78 years!)
Pays a dividend 4 times a year.
Market Cap: 70.4 Billion
52-week high: $44.71
52-week low: $31.09
Purchased Price: $32.25
What are your thoughts about my recent purchase?
What are you buying?
Great pickup, it's hard to pass up some of these energy names with such juicy yields. A 6% yield is awesome. KMI is my largest position so I doubt I'll add any more for a while though but I am still eyeing others in the sector.
ReplyDeleteBrent - We've owned KMI for over a year now and we've watch it go from the low 30s to low forties and back to low 30s. Meanwhile, dividends we've seen multiple increases to the dividends. The current 6% yield is certainly attractive but I am concerned with the payout ratio.
DeleteI don't blame your decision to stay away given that it is already your largest holding.
Thanks for stopping by. Best wishes!! AFFJ
KMI is on my short list to average down for sure. Congrats on the purchase! With the price dropping so much, its hard to not stock up.
ReplyDeleteHope you get an opportunity to grab a few shares to average down your cost. We may continue to add more shares ourselves if the price remain at these levels or lower.
DeleteBest wishes and continued success. AFFJ
I wish I would have waited a couple weeks to buy here. Great price and yield here.
ReplyDeleteThanks Captain. We are happy to be averaging down our cost basis at these levels. Who knows, we both may continue to get opportunities to average down further.
DeleteCheers to a lower cost basis! AFFJ
AFFJ,
ReplyDeleteLoving KMI and wow has their price really has gone down. I have been thinking of pulling the trigger on more, I'm moreso tossing between how much of them I want allocated in my portfolio, as I also own 2 oil companies (TOT and Shell).
Congrats on the value buy there AFFJ!
-Lanny
Lanny - we've been watching KMI go down roughly 25%, from the low 40s to the low 30s. KMI definitely looks attractive at current price and yield.
DeleteThanks for stopping by and providing us with the feedback. AFFJ
Excellent purchase, AFFJ. CAnt go wrong with KMI at these levels. I am tempted to add to my position as well.
ReplyDeleteBest
R2R
Thanks R2R - we definitely feel like we are buying KMI on sale. AFFJ
Delete