Recent Buy - Kinder Morgan (KMI)

As I mentioned in my last update, this may be a slow month for me in terms of purchases. Not that I don't want to make more purchases, there are always opportunities out there that I'd like to take advantage of but I only have so much money. So this months purchase was in Kinder Morgan (KMI). KMI is down nearly 18% from it's highs earlier this year largely due to negative sentiment surrounding anything related to oil. Additionally a recent earnings miss has not helped the share price any either. I thought I'd put some money to work here.

I purchased 31 shares of KMI at $36.50

Recently the company announced another dividend raise to .49 and plans to meet the $2.00 goal by years end remain on track. This brings KMI's forward yield up to 5.3% ! Distributable Cash Flow (DCF) continues to outpace dividend growth as well which means the dividend can continue growing safely. KMI reaffirmed dividend growth of 10% per year for 2016 through 2020.

While oil prices have taken a beating natural gas growth in the US continues to expand as the country moves away from coal to natural gas. Kinder Morgan has the pipelines to move that natural gas to end users like utilities across the nation. The future looks bright for natural gas and KMI in the long term.

KMI Stock Chart

KMI Basic Statistics

• Ticker Symbol: KMI
• Sector: Energy
• Yield: 5.3%
• Dividend Growth Rate:10%
• Market cap:$80 Billion
• Beta: .55
• Morningstar Fair Value: $43
• Value Line Target Price: $50
• Website: http://www.kindermorgan.com

KMI Dividend Growth

June Dividend Update

Happy 4th of July for those of you in the USA. Time for my June update. This months dividend total was a new record high for me at $288.03 which is up 14% from the $252.03 that I made last quarter in March.

In comparison, last years June total was $227.91 which means my dividend's for the month have grown by 26% year over year. I also purchased 3 stocks in June which is the most I think I've ever done since just starting out. July will likely be a slower month for purchases since I'm a bit tapped out.

June Purchases

• Exxon Mobil (XOM) - 17 Shares @ $83.50
• Travelers (TRV) - 12 Shares @ $99.81
• Compass Minerals (CMP) - 18 Shares @ $83.76

June Dividend Increases

• Johnson & Johnson (JNJ) - From .41 to .44 (+7.1 %)
• Exxon Mobil (XOM) - From .69 to .73 (+ 5.7%)
• Universal Health Realty Income Trust (UHT) - From .635 to .64 (+0.7%)
• Pepsi (PEP) - From .655 to .703 (7.3%)

June Dividend Income

• Walmart (WMT) - $16.66
• Unilever (UL) - $17.58
• Johnson & Johnson (JNJ) - $28.50
• Chevron(CVX) - $57.78
• Lorillard (LO) - $18.48
• Realty Income (O) - $18.95
• Exxon Mobil (XOM) - $18.98
• McDonalds (MCD) - $29.75
• Avista (AVA) - $19.14
• Universal Health Realty Income Trust (UHT) - $32.00
• Pepsi (PEP) - $30.21

Total Dividends For June 2015: - $288.03