SmarterDividends
KMI

Kinder Morgan, Inc.

KMI

Energy · Oil & Gas Midstream · Stock · quarterly payer

$33.56

Fairly valued · -6% Add to Portfolio

Forward Yield

3.52%

Annual Dividend

$1.19

Payout Ratio

73%

5-Yr Growth

2.4%

Ex-Date

Nov 2, 2026

Frequency

Quarterly

Key facts about KMI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 29, 2026, Kinder Morgan, Inc. (KMI) has a forward dividend yield of 3.52%, based on an annual dividend of $1.19 per share and a share price of $33.56.
  • As of Oct 29, 2026, KMI's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Kinder Morgan, Inc. (KMI) has raised its dividend for 8 consecutive years as of Oct 29, 2026.
  • KMI last cut its regular dividend in 2016.
  • KMI's next ex-dividend date is Nov 2, 2026, with payment on Nov 16, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 29, 2026, KMI pays out 73% of its trailing 12-month earnings as dividends (its payout ratio).
  • KMI's dividend has grown at an average rate of 2.4% a year over the past five years.
  • As of Oct 29, 2026, KMI's 3.52% yield is 39% below its five-year average yield of 5.76%.
  • As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for KMI is $31.43 per share, 6% below the $33.56 share price, so KMI screens as fairly valued.
  • Kinder Morgan, Inc. (KMI) pays its dividend quarterly, 4 times a year.
  • Kinder Morgan, Inc. (KMI) has raised its regular dividend 25 times and cut it 1 time across the 62 payments on record since 2011. Its most recent change was a 1.7% increase to $0.298 per share, going ex-dividend on May 4, 2026. The last cut went ex-dividend on Jan 28, 2016.
  • Kinder Morgan (KMI) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 1.7%, was declared on Apr 22, 2026.
Cite this page

SmarterDividends, "KMI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/KMI

Summary

As of Oct 29, 2026, Kinder Morgan, Inc. (KMI) yields 3.52% ($1.19 a year per share), has a dividend safety grade of B (68/100) and has 8 consecutive years of dividend increases on record.

Is KMI a good dividend stock?

Yes, with caveats

Kinder Morgan, Inc. (KMI) pays a quarterly dividend yielding 3.52% ($1.19/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

  • 123% total price return over 5 years

Risks

  • Cut its dividend in 2016

Key Data

Dividend Yield
3.52%
Payout Ratio
73%
Annual Dividend
$1.19
5-Yr Avg Growth
2.4%
Ex-Dividend Date
Nov 2, 2026
Years of Growth
8
Frequency
quarterly
Beta
0.58
Market Cap
$74.8B
P/E Ratio
20.7
5-Yr Total Return
123%
52-Week Range
$25.60 – $34.81
Dividend Safety
B · 68/100
Ever Cut?
Yes (2016)

KMI dividend raises and cuts

Kinder Morgan, Inc. (KMI) has raised its regular dividend 25 times and cut it 1 time across the 62 payments on record since 2011. Its most recent change was a 1.7% increase to $0.298 per share, going ex-dividend on May 4, 2026. The last cut went ex-dividend on Jan 28, 2016.

Ex-dateChangeOld → newMove
May 4, 2026Raise$0.293 → $0.298+1.7%
Apr 30, 2025Raise$0.288 → $0.293+1.7%
Apr 29, 2024Raise$0.283 → $0.288+1.8%
Apr 28, 2023Raise$0.278 → $0.283+1.8%
Apr 29, 2022Raise$0.270 → $0.278+3.0%
Apr 29, 2021Raise$0.263 → $0.270+2.7%
May 1, 2020Raise$0.250 → $0.263+5.2%
Apr 29, 2019Raise$0.200 → $0.250+25.0%
Apr 27, 2018Raise$0.125 → $0.200+60.0%
Jan 28, 2016Cut$0.510 → $0.125−75.5%
Oct 29, 2015Raise$0.490 → $0.510+4.1%
Jul 29, 2015Raise$0.480 → $0.490+2.1%
Show all 26 changes since 2011
Ex-dateChangeOld → newMove
Apr 28, 2015Raise$0.450 → $0.480+6.7%
Jan 29, 2015Raise$0.440 → $0.450+2.3%
Oct 29, 2014Raise$0.430 → $0.440+2.3%
Jul 29, 2014Raise$0.420 → $0.430+2.4%
Apr 28, 2014Raise$0.410 → $0.420+2.4%
Oct 29, 2013Raise$0.400 → $0.410+2.5%
Jul 29, 2013Raise$0.380 → $0.400+5.3%
Apr 25, 2013Raise$0.370 → $0.380+2.7%
Jan 29, 2013Raise$0.360 → $0.370+2.8%
Oct 31, 2012Raise$0.350 → $0.360+2.9%
Jul 27, 2012Raise$0.320 → $0.350+9.4%
Apr 26, 2012Raise$0.310 → $0.320+3.2%
Jan 27, 2012Raise$0.300 → $0.310+3.3%
Jul 28, 2011Raise$0.140 → $0.300+114.3%
Every KMI payment →Download every raise and cut (CSV)
KMI ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →KMI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is KMI a good dividend stock?

Yes, with caveats. Kinder Morgan, Inc. (KMI) pays a quarterly dividend yielding 3.52% ($1.19/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.

Is KMI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, KMI's fair value is about $31.43 versus a $33.56 share price — so it looks fairly valued (-6% vs. fair value).

Is KMI's dividend safe?

KMI has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a dividend cut in 2016, debt and yield-versus-history.

What is KMI's fair value?

Our blended fair-value estimate for KMI is about $31.43 per share, about 6% below the current $33.56 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is KMI a buy, hold, or sell?

We don't issue formal ratings, but on the data KMI screens as "yes, with caveats" and fairly valued. Kinder Morgan, Inc. (KMI) pays a quarterly dividend yielding 3.52% ($1.19/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. This is research for your own analysis, not investment advice.

Will KMI cut its dividend?

KMI earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does KMI pay a dividend?

Yes. Kinder Morgan, Inc. pays a quarterly dividend of about $1.19 per share annually, a forward yield of roughly 3.52%.

What is KMI's dividend yield?

As of Oct 29, 2026, KMI's forward dividend yield is 3.52%, based on a $1.19 annual dividend and a $33.56 share price.

What is KMI's dividend per share?

As of Oct 29, 2026, KMI pays $1.19 per share per year, distributed on a quarterly basis.

What is KMI's dividend payout ratio?

As of Oct 29, 2026, KMI's payout ratio is 73% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has KMI grown its dividend?

As of Oct 29, 2026, KMI has increased its dividend for 8 consecutive years.

When is the next KMI ex-dividend date?

As of Oct 29, 2026, the next ex-dividend date on record for KMI is Nov 2, 2026.

Income Calculator

At $1.19 / yr per share

Per payment (quarterly)$29.75
Annual$119.00
Monthly avg$9.92

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