Monday, November 2, 2015
On October 30, 2015 I initiated a position of 10 shares of Kinder Morgan Inc. (KMI) for $27.38. I have followed the company for a long time and remember when they merged KMP together and eliminated K-1's while I was on vacation a couple years ago. I just missed the Ex-Dividend date unfortunately. The price continues to get cheaper with the oil prices depressed. They are one of the largest if not the largest pipeline in the country and founder/CEO Richard Kinder has $7B invested in the company himself. While there is risk in everything it is another small position for me to boost my income once I start receiving dividends next year from them. They may have to slow down the dividend growth or stall it if things remain depressed.