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Ex-Div Reminder for Kinder Morgan Series A Mandatory Convertible Preferred Stock


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On 7/10/18, Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock (Symbol: KMI.PRA) will trade ex-dividend, for its quarterly dividend of $1.2188, payable on 7/26/18. As a percentage of KMI.PRA's recent share price of $34.90, this dividend works out to approximately 3.49%, so look for shares of KMI.PRA to trade 3.49% lower - all else being equal - when KMI.PRA shares open for trading on 7/10/18. On an annualized basis, the current yield is approximately 14.07%, which compares to an average yield of 8.48% in the "Energy" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of KMI.PRA shares, versus KMI:

Performance Comparison Chart

Below is a dividend history chart for KMI.PRA, showing historical dividends prior to the most recent $1.2188 on Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock:

KMI.PRA+Dividend+History+Chart

In Friday trading, Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock (Symbol: KMI.PRA) is currently up about 0.8% on the day, while the common shares (Symbol: KMI) are up about 1.7%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: KMI.PRA , KMI


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