Kinder Morgan Energy Partners, L.P. ( KMP ) will begin trading ex-dividend on October 29, 2013. A cash dividend payment of $1.35 per share is scheduled to be paid on November 14, 2013. Shareholders who purchased KMP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.27% increase over the prior quarter. At the current stock price of $84.02, the dividend yield is 6.43%.
The previous trading day's last sale of KMP was $84.02, representing a -9.65% decrease from the 52 week high of $92.99 and a 12.39% increase over the 52 week low of $74.76.
KMP is a part of the Public Utilities sector, which includes companies such as Enterprise Products Partners L.P. ( EPD ) and National Grid Transco, PLC ( NGG ). KMP's current earnings per share, an indicator of a company's profitability, is $3.61. Zacks Investment Research reports KMP's forecasted earnings growth in 2013 as 7.97%, compared to an industry average of -4.7%.
Interested in gaining exposure to KMP through an Exchange Traded Fund [ETF]?
The following ETF(s) have KMP as a top-10 holding:
- Alerian MLP ETF ( AMLP ).
The top-performing ETF of this group is AMLP with an increase of 4.66% over the last 100 days. It also has the highest percent weighting of KMP at 9.22%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.