5 Best High Dividend Stocks to Buy Now

4. Kinder Morgan, Inc. (NYSE:KMI)

Dividend yield as of March 2: 6.21%

Number of Hedge Fund Holders: 39

Kinder Morgan, Inc. (NYSE:KMI) has a dividend yield of 6.33%, making it one of the highest-yielding oil midstream companies. In the last five years, the Houston-based energy infrastructure company has increased its dividend by an average of 16.65%. In 2022, Kinder Morgan, Inc. (NYSE:KMI) is guiding to distribute an annual dividend of $1.11 per share, a 3% increase from the 2021 declared dividends.

In January, Barclays analyst Theresa Chen raised her price target on Kinder Morgan, Inc. (NYSE:KMI) to $19 from $18, maintaining her Equal Weight rating on the stock. Chen mentioned that she has a “generally positive outlook for the group in 2022”.

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy transportation and storage companies in the United States, operating 143 terminals and 83,000 miles of pipeline across North America. According to Insider Monkey’s Q4 13F filings, 39 hedge funds held stakes in Kinder Morgan, Inc. (NYSE:KMI) at the end of December 2021, for a total stake value of $999 million, compared to 43 funds in Q3 2021, for a total stake value of $1.01 billion.