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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 ยป

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



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