WE RECENTLY PURCHASED THE FOLLOWING
Total Spent: $405.00
KINDER MORGAN, Inc. (KMI)
Purchased 15 shares of KMI on 9/29/2015 at $27.00Total Spent: $405.00
Company Description
From Google Finance:
“Kinder Morgan, Inc. (KMI) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system”
Although the market finished barely in the green today, there were still many great buys found. The discounts were best found earlier in the day when the DOW dipped below 16,000 points. So as a long term investors, we took the opportunity to add a few more shares to our family's dividend stocks portfolio. With today's purchase, we were able to lower our cost basis on another stock we currently own.
Including the 15 shares added today, we now own 62 total shares of KINDER MORGAN, Inc. (KMI) in our family's dividend stocks portfolio. Our purchase today lowered our cost basis on KMI from $32.32 to 31.03. Additionally, our estimated forward dividends grew another $29.40, putting our yearly dividends at approximately $3,460/year (excluding our Edwards Jones account) and $3,819/year (including our Edward Jones account).
Our family's dividend stocks portfolio may be found
by clicking on the link below:
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HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
KINDER MORGAN, Inc. (KMI)
P/E: 33.97
Payout Ratio: 270%
Dividend Yield: 7.49%
3 consecutive years of dividend increases
Last Ex-dividend date: 7/29/2015
Payout Ratio: 270%
Dividend Yield: 7.49%
3 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: 60.3 Billion
52-week high: $44.71
52-week low: $25.81
Purchased Price: $27.00
Have paid a dividend since: 1937 (78 years)
Pays a dividend 4 times a year.
Market Cap: 60.3 Billion
52-week high: $44.71
52-week low: $25.81
Purchased Price: $27.00
What are your thoughts on of recent purchase?
What are you buying?
I like KMI buy, AFFJ! I bought it today as well. There have been few negative articles on KMI and next year earnings are expected to fall further. However, I really like this buy and would not hesitate to purchase more on further slide. Its tough to bite the bullet on this but its one of my favorite. Keep racing!
ReplyDeleteNice to hear from a fellow shareholder. :) I understand there may be rough waters ahead with energy stocks but it is hard to ignore KMI when it dips below $30.
DeleteCheers to future recovery! AFFJ
So tempting to average down here, but I'm really heavy on energy already. Great buy at these levels.
ReplyDeleteThanks Captain. Glad to have had the opportunity to lower our cost basis another $1.29.
DeleteThanks for stopping by. AFFJ
AFFJ,
ReplyDeleteKiller price you got in on them at! Would have loved to have pulled a trigger when they were in the $25 range, just awesome. Nice kick to the dividend income!
-Lanny
Yeah, we had set a limit order for $27 earlier in the week so it had executed automatically I didn't even realize until I looked later in the day that it went down below $26.00! Would have loved to have grabbed some in the $25 range cause has already rose roughly 6% since!
DeleteStill happy with our buy and the additional dividends coming in November. :) AFFJ
Nice play! Right before the Bank of America news. $44 price target I think it was. Even though you aren't in it for the growth, sure feels good to be sitting positive in a position! Congrats!
ReplyDeleteSaw that on Marketbeat.com also. Although they maintained a buy rating, B of A lowered their target from $49 to $44. Even at the new target price, our buy looks pretty attractive with an upside of $17 (or 39%)!!
DeleteThanks for stopping by and commenting Adam. Best wishes. AFFJ
Thank you very much for the sharing! COOL..
ReplyDeleteswing trading strategies
You're welcome. Glad to share as much data that is practical if it helps others in their personal journey.
DeleteThanks for stopping by. AFFJ
Great buy AFFJ. KMI is one of my favorite stocks and the price is right. Good job.
ReplyDeleteThanks Investment Hunting. Glad to have had the opportunity to add KMI at $27.00. As of this afternoon, KMI is up to $32.00 already!
DeleteCheers to buying KMI on sale! :)
AFFJ