Post by
hazyhazy on Jul 19, 2017 8:39pm
KML announce earnings $25m - 1 month only - 32 days worth
KML says it expects to post $400M in EBitda... (presentation shows similar number) IPO issued on May 30... dividend set for 65 cents/year or 5.71 cents per month. about 4%...
KMI values the company at $5865 / $17 = 345 million shares. (103 public float)
I read this KMI statement thinking it was KML... where dividends would rise to $1.25 by 2020... but it's KMI? trading at $20 pays 50 cents US... 2.5% div. but expect to pay 6.25% by 2020??? and buyback $2 billion of their stock US dollars...? so why did they issue an IPO for $1.75B in Canada? These guys are pounding the table... bizarre... wait and see if construction actually starts for Transmountain. I've got to wonder how much KML will contribute to this new and improved KMI? Is KML going to double its dividend by 2020?
First, KMI announced it expects to declare an annual dividend of $0.80 per share for 2018, a 60 percent increase from the expected 2017 dividend. The first 2018 increase is expected to be the Q1 2018 dividend. Additionally, the company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25 percent annually. Finally, the board authorized a $2 billion share buyback program, which represents approximately 5 percent of KMI’s current market capitalization.