Current Yield
3.70%
TTM Dividend/Share
$1.18
Payment Frequency
Quarterly
Payout Ratio
78.9%
Consecutive Growth Years
9 (Dividend Challenger)
Key takeaways
- Dividend Challenger — Kinder Morgan (KMI) has raised its dividend for 9 consecutive years.
- Kinder Morgan (KMI) currently yields 3.70%, paying $1.18 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 78.9% — the share of earnings distributed as dividends.
- 4 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 2.35%.
Dividend yield valuation for Kinder Morgan (KMI)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 3.70% |
1-year average yield | 4.26%now 0.56 pp below |
3-year average yield | 4.96%now 1.26 pp below |
5-year average yield | 5.56%now 1.86 pp below |
KMI: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Kinder Morgan (KMI)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 6.0% |
FCF payout ratio | 16.8% |
Net debt / EBITDA | 4.1x |
Interest coverage | 2.82x |
ROIC (TTM) | 7.4% |
Dividend safety score for Kinder Morgan (KMI)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
4 of 8 checks passed
Payout ratio below 75%
Payout ratio is 78.9%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.3B — FCF fully covers the payout.
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 9 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 16.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.3%) ≤ EPS growth (16.8%) — sustainable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
61 payments from 2011 to 2026 · Adj. Dividend is split-adjusted
| May 4, 2026 | May 15, 2026 | $0.2975 | $0.2975 |
| Feb 2, 2026 | Feb 17, 2026 | $0.2925 | $0.2925 |
| Nov 3, 2025 | Nov 17, 2025 | $0.2925 | $0.2925 |
| Jul 31, 2025 | Aug 15, 2025 | $0.2925 | $0.2925 |
| Apr 30, 2025 | May 15, 2025 | $0.2925 | $0.2925 |
| Feb 3, 2025 | Feb 18, 2025 | $0.2875 | $0.2875 |
| Oct 31, 2024 | Nov 15, 2024 | $0.2875 | $0.2875 |
| Jul 31, 2024 | Aug 15, 2024 | $0.2875 | $0.2875 |
| Apr 29, 2024 | May 15, 2024 | $0.2875 | $0.2875 |
| Jan 30, 2024 | Feb 15, 2024 | $0.2825 | $0.2825 |
| Oct 30, 2023 | Nov 15, 2023 | $0.2825 | $0.2825 |
| Jul 28, 2023 | Aug 15, 2023 | $0.2825 | $0.2825 |
- May 4, 2026$0.2975
- Feb 2, 2026$0.2925
- Nov 3, 2025$0.2925
- Jul 31, 2025$0.2925
- Apr 30, 2025$0.2925
- Feb 3, 2025$0.2875
- Oct 31, 2024$0.2875
- Jul 31, 2024$0.2875
- Apr 29, 2024$0.2875
- Jan 30, 2024$0.2825
- Oct 30, 2023$0.2825
- Jul 28, 2023$0.2825
Historical dividend yield for Kinder Morgan (KMI)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 4.26%5Y: 5.56%10Y: 5.11%
Dividend per share for Kinder Morgan (KMI)
CAGR (per year)1Y: 1.75%5Y: 2.35%10Y: -4.92%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 2011 | $0.74 | 3 |
| 2012 | $1.34 | 4 |
| 2013 | $1.56 | 4 |
| 2014 | $1.70 | 4 |
| 2015 | $1.93 | 4 |
| 2016 | $0.50 | 4 |
| 2017 | $0.50 | 4 |
| 2018 | $0.72 | 4 |
| 2019 | $0.95 | 4 |
| 2020 | $1.04 | 4 |
| 2021 | $1.07 | 4 |
| 2022 | $1.10 | 4 |
| 2023 | $1.13 | 4 |
| 2024 | $1.15 | 4 |
| 2025 | $1.17 | 4 |
| 2026 | $0.59 | 2 |
Dividend growth for Kinder Morgan (KMI)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $1.1650 | — | — |
| 2025 | $1.1450 | $1.1650 | +1.7% |
| 2024 | $1.1250 | $1.1450 | +1.8% |
| 2023 | $1.1025 | $1.1250 | +2.0% |
| 2022 | $1.0725 | $1.1025 | +2.8% |
| 2021 | $1.0375 | $1.0725 | +3.4% |
| 2020 | $0.9500 | $1.0375 | +9.2% |
| 2019 | $0.7250 | $0.9500 | +31.0% |
| 2018 | $0.5000 | $0.7250 | +45.0% |
| 2017 | $0.5000 | $0.5000 | 0.0% |
| 2016 | $1.9300 | $0.5000 | -74.1% |
| 2015 | $1.7000 | $1.9300 | +13.5% |
| 2014 | $1.5600 | $1.7000 | +9.0% |
| 2013 | $1.3400 | $1.5600 | +16.4% |
| 2012 | — | $1.3400 | — |
- 2026—
- 2025$1.1650
- 2024$1.1450
- 2023$1.1250
- 2022$1.1025
- 2021$1.0725
- 2020$1.0375
- 2019$0.9500
- 2018$0.7250
- 2017$0.5000
- 2016$0.5000
- 2015$1.9300
- 2014$1.7000
- 2013$1.5600
- 2012$1.3400
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Kinder Morgan (KMI) Key Financials
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