5 Best Affordable Dividend Stocks To Invest In Right Now

This article presents an overview of 5 Best Affordable Dividend Stocks To Invest In Right Now. For a detailed overview of such stocks read our article, 15 Best Affordable Dividend Stocks To Invest In Right Now.

5. Kinder Morgan Inc (NYSE:KMI)

Number of Hedge Fund Investors: 42

Kinder Morgan recently announced a 2% hike in its dividend and gave strong guidance. The company said its natural gas business is expected to see growth driven by AI. Here is what the company’s management said during Q1 earnings call.

“The power needed for AI and the massive data centers being built today and plan for the near future, require affordable electricity that is available without interruption 24 hours a day, 365 days a year. This type of need demonstrates that the emphasis on renewables as the only source of power is fatally flawed in terms of meeting the real demands of the market. This is not a knock on renewables. We all know they will play a significant role in the future of electric generation. But it’s a reminder, all of us that natural gas and nuclear still have an extremely important role to play in order to provide the uninterrupted power that AI and the data centers will need.

The primary use of these data centers is big tech and I believe they’re beginning to recognize the role that natural gas and nuclear must play. They like the rest of us, realize that the wind doesn’t blow all the time, the sun doesn’t shine all the time, that the use of batteries to overcome the shortfall is not practically or economically feasible. And finally, that unfortunately, adding significant amounts of new nuclear power to the mix is not going to happen in the foreseeable future. In addition to all these factors, the market is now understanding that building transmission lines to connect distant renewables to the grid, typically takes years to complete and that’s a timeframe inconsistent with the need to place these data centers into service as quickly as possible.”

Read the full earnings call transcript here.