An unyielding commitment to yield means that income seekers should hold KMI stock
Midstream energy player Kinder Morgan (NYSE:KMI) has a
massive presence among North American natural gas pipeline operators. Because
of the company’s size, there’s a safety factor that weighs in favor of
long-term KMI stock holders.
Income seekers might view KMI stock as a fairly safe way to
generate yield because of the stock’s generous dividend payouts.
On the other hand, the onset of the novel coronavirus
created problems for the energy market.
Like other North American energy-sector firms, Kinder Morgan
has been subject to the negative impact of Covid-19. In particular, reduced
energy demand has weighed on the company as well as the KMI stock price.
With this in mind, prospective investors have every right to
ask whether this energy infrastructure giant has been able to maintain its
healthy dividend payouts. Plus, there’s the question of whether KMI stock will
continue to offer a generous yield going forward. Let’s drill down and find
out, shall we?
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