KMI

I’m selling Kinder Morgan out of my Dividend Portfolio

Like many oil-related stocks Kinder Morgan (KMI), the operator of 70,000 miles of natural gas pipelines, has moved up strongly during the recent rally in the price of oil. The stock, a member of my Dividend Portfolio since February 24, 2016, has gained 38.13% in 2021 to date as of the May 26 close. The stock has gained 26.67% in the last three months and 10.11% in the last month. The dividend, which produces a yield of 5.89% isn’t in danger. And I’m not selling because I’m worried about that potential. But growth at Kinder Morgan depends on the company’s ability to buy or build new pipeline capacity and earn a high rate of return on that investment.

Special Report: 5 Safe Dividend Stocks Paying 6% or More–Part 1, the strategy of my picks, and Part 2, the first fiery of my picks VZ, KMI, CWSRF, BHP

2020 was a great year for Dividend investing: my Dividend Portfolio showed a total return of 15.71% for 2020

It’s unusual, to say the least, to have a dividend portfolio match the returns on the Standard & Poor’s 500–especially in a year when the S&P 500 was setting an all time high–but that’s what happened in 2020. My Dividend Portfolio showed a price gain of 12.28% for 2020. Add in the 3.43% dividend yield and the total return for the portfolio for the year was 15.71.%  For the year the S&P 500 returned 16% and the Dow Jones Industrial Average returned 7%.

A summary of the changes to my Dividend Portfolio in my Special Report 3 Ways to Higher Income in a Low Yield Desert

Just to put all the changes in my Dividend Portfolio in one list after my Special Report 3 Ways to Higher Income in a Low Yield Desert Here are the sells: Bank of America (BAC) as of November 1 ING Group (ING) as of November 1 Tapestry (TPR) as of November 1 Westpac...

Natural gas has its best week of 2016–short covering on forecast of a hot summer?

Natural gas futures for May delivery rose 3.5% on Friday to give the commodity a 13% gain for the week. That’s the best performance for natural gas since the week that ended on January 1. At this point and with so much short covering, I’d be very cautious about chasing prices here. This rally is, though, part of a recovery in the sector and I’ve got suggestions for what stocks to watch