ENB vs KMI: Which Is the Better Dividend Stock?
As of Nov 2, 2026, KMI (Kinder Morgan, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ENB offers the higher yield at 5.66%, KMI has the higher dividend-safety score, and ENB looks like the better value (its fair-value estimate is 3% below its share price).
Key facts: ENB vs KMI
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Enbridge Inc. (ENB) has the higher forward dividend yield at 5.66%, versus 3.51% for Kinder Morgan, Inc. (KMI).
- As of Nov 2, 2026, SmarterDividends grades ENB's dividend safety C (59/100) and KMI's B (69/100).
- By SmarterDividends' count as of Nov 2, 2026, ENB has raised its dividend for 2 consecutive years and KMI for 8.
- As of Nov 2, 2026, ENB pays out 148% of its earnings as dividends and KMI pays out 73%.
- As of Nov 2, 2026, ENB's fair-value estimate is 3% below its share price and KMI's fair-value estimate is 12% below its share price, so ENB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ENB vs KMI: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/enb-vs-kmi
| Metric | ENB | KMI |
|---|---|---|
| Forward yield | 5.66% | 3.51% |
| Annual dividend | $2.80 | $1.19 |
| Payout ratio | 148% | 73% |
| Years of growth | 2 yr | 8 yr |
| 5-yr dividend growth | 2.3% | 2.4% |
| 5-yr total return | 32% | 119% |
| Dividend safety score | 59 (C) | 69 (B) |
| Fair value estimate | $47.99 | $29.81 |
| Upside to fair value | -3% | -12% |
| Frequency | quarterly | quarterly |
| Market cap | $110.2B | $75.5B |
| P/E ratio | 26.4 | 20.9 |
Higher yield
ENB
5.66%
Safer dividend
KMI
Grade B
Faster growth
KMI
2.4%
Better value
ENB
-3% upside
ENB vs KMI — FAQ
Is ENB or KMI a better dividend stock?
On the data, KMI wins more head-to-head categories (5 vs 3). ENB offers the higher yield (5.66%), while KMI has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, ENB or KMI?
ENB has the higher forward dividend yield at 5.66%, versus 3.51% for KMI.
Is ENB or KMI safer?
KMI has the higher dividend-safety score (69/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is ENB or KMI better value right now?
As of Nov 2, 2026, ENB looks like the better value: its fair-value estimate is 3% below its share price (fairly valued). For KMI, its fair-value estimate is 12% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.