Kinder Morgan, Inc.
KMIEnergy · Stock · quarterly payer
Forward Yield
3.82%
Annual Dividend
$1.18
Payout Ratio
76%
5-Yr Growth
2.4%
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of September 2026, Kinder Morgan, Inc. (KMI) yields 3.82% ($1.18 per share annually), with a blended fair-value estimate of $35.16 — +14% upside, so it screens as fairly valued. Dividend safety grade: B (71/100). 8 years of dividend growth.
Is KMI a good dividend stock?
Yes, with caveatsKinder Morgan, Inc. (KMI) pays a quarterly dividend yielding 3.82% ($1.18/yr), with 8 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 84% total price return over 5 years
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 3.82%
- Payout Ratio
- 76%
- Annual Dividend
- $1.18
- 5-Yr Avg Growth
- 2.4%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 8
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $68.7B
- P/E Ratio
- 19.9
- 5-Yr Total Return
- 84%
- 52-Week Range
- $25.60 – $34.81
- Dividend Safety
- B · 71/100
- Ever Cut?
- Yes (2016)
Frequently Asked Questions
KMI Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
+86%
5 Years
+84%
52-Week Range
$25.60 – $34.81
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KMI worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Kinder Morgan, Inc. is $35.16 per share, versus a market price of $30.86. That implies the stock is roughly fairly priced.
Fair Value
$35.16
Current Price
$30.86
Gap
+14%
Margin of Safety
12%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 8.5% annual free-cash-flow growth. We model 9.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.1% discount rate (CAPM), 9.4% stage-1 growth, 2.5% terminal growth, $1.55 EPS, $1.18 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KMI Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 3, 2026 | — | $0.2980 | regular |
| May 4, 2026 | — | $0.2980 | regular |
| Feb 2, 2026 | — | $0.2930 | regular |
| Nov 3, 2025 | — | $0.2930 | regular |
| Jul 31, 2025 | — | $0.2930 | regular |
| Apr 30, 2025 | — | $0.2930 | regular |
| Feb 3, 2025 | — | $0.2880 | regular |
| Oct 31, 2024 | — | $0.2880 | regular |
| Jul 31, 2024 | — | $0.2880 | regular |
| Apr 29, 2024 | — | $0.2880 | regular |
| Jan 30, 2024 | — | $0.2830 | regular |
| Oct 30, 2023 | — | $0.2830 | regular |
| Jul 28, 2023 | — | $0.2830 | regular |
| Apr 28, 2023 | — | $0.2830 | regular |
Income Calculator
At $1.18 / yr per share
