Add KMI for a 4.4% Dividend Yield

The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take his hard-earned cash and use it to buy stock in the open market is that he expects to make money — maybe he finds the stock very undervalued, or maybe he sees exciting progress within the company, or maybe both. So, when stocks turn up that see insider buying and are also highly ranked, investors are wise to take notice. One such company is Kinder Morgan Inc (NYSE:KMI), which saw buying by CEO Richard D. Kinder.

Back on Mar. 13, Kinder invested $3,950,000 into 100,000 shares of KMI, for a cost-per-share of $39.50. In trading on Friday, shares were changing hands as low as $43.32 per share, which is 9.7% above Kinder’s purchase price. Kinder Morgan shares are currently trading up 0.66% on the day. The annualized dividend paid by Kinder Morgan is $1.92 per share, currently paid in quarterly installments, and its most recent dividend ex-date was on April 28. Below is a long-term dividend history chart for KMI, which the report stressed as being of key importance.

Source: InvestorPlace

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