Get Form 8937 - May 25, 2012 Merger Of Kmi And New Ep - Kinder Morgan

In 1997, Richard D. Kinder and William V. Morgan built an energy company by utilizing the master limited partnership (MLP) financial structure as a growth vehicle, something that had never been done before. Twenty-five years later, KMI is now one of the largest energy infrastructure companies in North America.

HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the fourth quarter ($1.11 annualized), payable on February 15, 2023, to stockholders of record as of the close of business on January 31, 2023.

Kinder Morgan Inc. does NOT generate a K-1; instead, investors would receive a 1099.

What Is Return On Capital Employed (ROCE)? 0.064 = US$4.0b ÷ (US$70b - US$6.9b) (Based on the trailing twelve months to December 2022). Thus, Kinder Morgan has an ROCE of 6.4%. Ultimately, that's a low return and it under-performs the Oil and Gas industry average of 21%.

The part of the distribution that exceeds current and accumulated earnings and profits is treated as a non-taxable return of capital which reduces the shareholder's adjusted basis in the stock. If the distribution exceeds the stock basis, the excess is treated as capital gain.

A portion of Kinder Morgan's dividends paid in 2019 are expected to be return of capital for U.S. tax purposes. All of the dividend portion of the distributions is 100% qualified dividends.

KMI pays a dividend of $0.28 per share. KMI's annual dividend yield is 6.33%. When is Kinder Morgan ex-dividend date? Kinder Morgan's previous ex-dividend date was on Jan 29, 2023.

Any part of the distribution that exceeds E&P is treated as a non-taxable return of capital (non-dividend distribution) which reduces the shareholder's basis in the stock. If the return of capital exceeds the stock basis, the excess is treated as a capital gain.