This morning I picked up 36 more shares of KMI at $34.36. I added to the recent position that I initiated last week. You can check out that post here. The 36 shares will provide an extra $50.40 per year in dividends before future increases or reinvestment. Speaking of future dividend increases, according to this article, KMI will be recommending a $0.01 increase to it's quarterly dividend payable next month. If the $0.01 increase goes through that will be a 2.86% increase. This isn't what I like to see for an increase; however, with KMI they've had history of increasing it on a quarterly basis. This would be their 6th increase in 7 quarters. You can check out KMI's dividend history here.
My new shares were purchased with a 4.05% YOC based on the last quarterly payout of $0.35. I now have a total of 91 shares of KMI and will probably be done adding at the current levels. My average share price for the KMI position dropped from $35.18 to $34.95 giving a YOC for the position of 4.01%.
With the added $50.40 in annual dividends, my forward 12-month dividends now stands at $1.158.44 before any future increases or reinvestments. The YOC and non-ESPP YOC for the FI portfolio increased from 2.65% and 3.09% to 2.69% and 3.13%, respectively. I've pretty much exhausted all my capital until next week after my call option gets executed and I can transfer money around to my brokerage account. Hopefully there's not a huge pullback between now and then but a steady decline would be welcomed. There's still several stocks that I've got my eye on as they near my entry prices. I do still have about $1,950 in my Roth IRA that I need to put to work, so maybe that will tide me over until I have more powder for the FI portfolio.