Money and Finance
On Wednesday of this week I made another purchase. It was actually the first purchase I'd made in almost a month which is a bit longer than I prefer my purchases to be. Shares of Kinder Morgan, Inc. (KMI) have been under fire over the last month or so after a scathing article by Barron's questioning Kinder Morgan's calculation of distributable cash flow, the life blood of the dividend. Essentially, the question is how much of Kinder Morgan's capital expenditures are for maintenance versus expansion.
The attacks by the Hedgeye energy analyst seem to be largely unfounded and given the criticism and struggling share price, CEO Richard Kinder responded to the claims and even purchased 200k more share of KMI. You can read Kinder Morgan's full response to the claims here. I love finding companies where the CEO is heavily invested in the company's performance. Notably, CEO Richard Kinder's salary is a minuscule $1 per year which is much less than the average CEO compensation package. Seeing as how he owns over 240 million shares of KMI and has the majority of his net worth invested in the partnership, I imagine he'll do everything in his power to run the companies as responsibly as possible to insure that the distributions/dividends continue to increase each and every year.
Read more »
- August Dividend Update
What a crazy month for the world markets August was. We saw some crazy daily and even hourly movements as well as an overall market selloff. I think the markets may continue to stumble for some time and that's going to allow us to make some purchases...
- 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...
- May Dividend Update
May has come and gone so it's time for my monthly dividend update! My May dividend total was $276.76 which is up slightly from the $268.88 that I made last quarter in February. This is nearly beat out my best month ever just last month! In comparison,...
- Recent Buy - Kinder Morgan (kmi)
Today I purchased another 31 shares of Kinder Morgan (KMI) at $37.46 which now gives me a grand total of 93 shares. I would have loved to buy this at the prices we saw in April but KMI has been on a roll as the rest of the markets seem to have been. This...
- Recent Buy - Kinder Morgan Inc. (kmi)
It was a nice surprise when my boss gave us our bonus checks for the end of the year. I thought I'd put this money to work for me. So today I added to my position in Kinder Morgan Inc. (KMI). I purchased 31 shares at a price of $35.37 which gives...
Money and Finance
Recent Buy
On Wednesday of this week I made another purchase. It was actually the first purchase I'd made in almost a month which is a bit longer than I prefer my purchases to be. Shares of Kinder Morgan, Inc. (KMI) have been under fire over the last month or so after a scathing article by Barron's questioning Kinder Morgan's calculation of distributable cash flow, the life blood of the dividend. Essentially, the question is how much of Kinder Morgan's capital expenditures are for maintenance versus expansion.
The attacks by the Hedgeye energy analyst seem to be largely unfounded and given the criticism and struggling share price, CEO Richard Kinder responded to the claims and even purchased 200k more share of KMI. You can read Kinder Morgan's full response to the claims here. I love finding companies where the CEO is heavily invested in the company's performance. Notably, CEO Richard Kinder's salary is a minuscule $1 per year which is much less than the average CEO compensation package. Seeing as how he owns over 240 million shares of KMI and has the majority of his net worth invested in the partnership, I imagine he'll do everything in his power to run the companies as responsibly as possible to insure that the distributions/dividends continue to increase each and every year.
Read more »
- August Dividend Update
What a crazy month for the world markets August was. We saw some crazy daily and even hourly movements as well as an overall market selloff. I think the markets may continue to stumble for some time and that's going to allow us to make some purchases...
- 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...
- May Dividend Update
May has come and gone so it's time for my monthly dividend update! My May dividend total was $276.76 which is up slightly from the $268.88 that I made last quarter in February. This is nearly beat out my best month ever just last month! In comparison,...
- Recent Buy - Kinder Morgan (kmi)
Today I purchased another 31 shares of Kinder Morgan (KMI) at $37.46 which now gives me a grand total of 93 shares. I would have loved to buy this at the prices we saw in April but KMI has been on a roll as the rest of the markets seem to have been. This...
- Recent Buy - Kinder Morgan Inc. (kmi)
It was a nice surprise when my boss gave us our bonus checks for the end of the year. I thought I'd put this money to work for me. So today I added to my position in Kinder Morgan Inc. (KMI). I purchased 31 shares at a price of $35.37 which gives...