5 Dividend Challengers for 2022

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

Number of Hedge Fund Holders: 39

Dividend Yield as of April 22: 5.80%

Number of Years of Consecutive Dividend Increases: 5

Kinder Morgan, Inc. (NYSE:KMI) is a Texas-based energy infrastructure company that functions via four segments – Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. Kinder Morgan, Inc. (NYSE:KMI) is a significant dividend challenger to watch for 2022, with five years of consecutive dividend increases under its belt. 

Reporting its financial results for the first quarter of 2022 on April 20, Kinder Morgan, Inc. (NYSE:KMI) announced earnings per share of $0.32, beating market consensus estimates by $0.04. Revenue for the period came in at $4.29 billion, exceeding analysts’ forecasts by $546.32 million. 

On April 20, Kinder Morgan, Inc. (NYSE:KMI) declared a quarterly per share dividend of $0.2775, a 2.8% increase from its prior dividend of $0.27. The dividend is payable on May 16, to shareholders of the company at the close of business on May 2. Kinder Morgan, Inc. (NYSE:KMI)’s dividend yield as of April 22 stood at 5.80%. 

Mizuho analyst Gabriel Moreen on April 21 maintained a Buy recommendation on Kinder Morgan, Inc. (NYSE:KMI) and raised the firm’s price target on the stock to $22 from $21. The company reported a strong quarter and announced its intention to pursue brownfield compression expansions on its two Permian natural gas takeaway pipelines, the analyst told investors in a research note. 

Among the hedge funds tracked by Insider Monkey, 39 funds were bullish on Kinder Morgan, Inc. (NYSE:KMI) at the end of the fourth quarter of 2021, with combined stakes worth approximately $999 million. Bob Peck and Andy Raab’s FPR Partners held the leading position in the company, with 17.8 million shares valued at $282.7 million.