Kinder Morgan (KMP) increased their distribution after the close. The annualized rate was increased to $4.20 from $4.08 in the prior quarter.
They are the largest MLP & have increased distributions 35 times in their 12 year history. The earnings statement is excellent, however they say they expect the $4.20 rate will be paid this year (i.e. no more increases until next year at the earliest). The release, linked below, gives an excellent review plus the outlook for 2009.
They are the largest MLP & have increased distributions 35 times in their 12 year history. The earnings statement is excellent, however they say they expect the $4.20 rate will be paid this year (i.e. no more increases until next year at the earliest). The release, linked below, gives an excellent review plus the outlook for 2009.
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