Both Kinder Morgan and Kinder Morgan Energy Partners have announced higher payouts on their Q4 2012 results.
The two tightly related firms will significantly boost their quarterly disbursements when compared to their year-ago payouts. Kinder Morgan is to pay $0.37 per share on Feb. 15 to shareholders of record as of Jan. 31. That represents an increase of $0.01 (2.8%) over the previous quarterly disbursement, and is 19% higher than the $0.31 paid for its Q4 2011 dividend.
Kinder Morgan Energy Partners, meanwhile, is to lift its payout to $1.29 per share, payable on on Feb. 14 to shareholders of record as of record Jan. 31. The dividend for its previous quarter was $1.26, while that for the same period the previous year stood at $1.16. So that's an 11% increase year over year and a 2.4% increase from the previous quarter.
The article Kinder Morgan, Kinder Morgan Energy Partners Raise Dividends originally appeared on Fool.com.
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