Yesterday, the Board of Directors for Kinder Morgan, Inc (KMI) announced an increase in the quarterly dividend from $0.36 to $0.37 per share. The new rate will be payable on February 15th to shareholders of record as of January 31st. The increase is only 2.78% over the last payment, but is a 19.35% increase over 2012's February payment. I'm not worried about the low increase this time because the Board has shown a willingness to raise the dividend in most quarters. They've only had one quarter where the dividend wasn't increased in their short history as a publicly traded company.
This increase will provide an extra $5.04 in annual dividends before further increases or dividend reinvestment on my position in KMI. This increased my YOC for my KMI position from 4.17% to 4.28% and raised my portfolio's YOC from 2.78% to 2.79%.
Last week the YOC for my portfolio took a hit since my latest ESPP shares hit my account. I'm actually very excited about the ESPP program at work since they changed it starting this year to where shares are bought and transferred to my account on a quarterly basis. This is going to let me have more regular sales throughout the year instead of just every 6 months in order to have everything taxed as a long-term capital gain. I'm going to start looking into trying to unload some of my shares, most likely through selling call options set to expire in July of this year.
My forward 12-month dividends for my FI portfolio now sits at $1,848.34.