5 High Dividend S&P 500 Stocks

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

Number of Hedge Fund Holders: 39

Dividend Yield as of April 26: 5.98%

Kinder Morgan, Inc. (NYSE:KMI) is a leading American energy infrastructure company that specializes in natural gas pipeline transport and oil storage. 2022 marks the fifth consecutive annual increase to the company’s dividends. 

Kinder Morgan, Inc. (NYSE:KMI) delivers a dividend yield of 5.98% as of April 26. Kinder Morgan, Inc. (NYSE:KMI) declared on April 20 a $0.2775 per share quarterly dividend, a 2.8% increase from its prior dividend of $0.27. The dividend is payable on May 16, to shareholders of the company as of May 2. 

On April 20, Kinder Morgan, Inc. (NYSE:KMI) reported its Q1 2022 financial results, posting earnings per share of $0.32, beating consensus estimates by $0.04. Revenue for the period equaled $4.29 billion, exceeding analysts’ predictions by $546.32 million. 

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. According to the analyst, Kinder Morgan, Inc. (NYSE:KMI) reported a strong quarter and clearly stated its intention to pursue brownfield compression expansions on its two Permian natural gas takeaway pipelines. 

According to the fourth quarter database of Insider Monkey, 39 hedge funds were bullish on Kinder Morgan, Inc. (NYSE:KMI), compared to 43 funds in the preceding quarter. Bob Peck and Andy Raab’s FPR Partners is the biggest position holder in the company, with shares worth $282.7 million.