5 Safe Dividend Stocks With Over 5% Yield

In this article, we discuss 5 safe dividend stocks with over 5% yield. If you want to read our detailed analysis of other dividend stocks, go directly to read 10 Safe Dividend Stocks With Over 5% Yield. 

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

Dividend Yield as of June 21: 6.92%

Kinder Morgan, Inc. (NYSE:KMI) deals in energy infrastructure and operates approximately 83,000 miles of pipelines and 141 terminals. In May, The Federal Energy Regulatory Commission approved the company’s 13-mile pipeline, which would connect existing SNG systems in Louisiana and Mississippi.

Kinder Morgan, Inc. (NYSE:KMI) reported strong first-quarter earnings, posting an EPS of $0.32, which beat estimates by $0.04. Moreover, its revenue of $4.29 billion also surpassed consensus by $540 million. In May, Truist initiated its coverage of Kinder Morgan, Inc. (NYSE:KMI) with a Buy rating and a $22 price target, appreciating the company’s CO2 segment earnings and strong demand for natural gas.

On April 20, Kinder Morgan, Inc. (NYSE:KMI) announced a 2.8% hike in its quarterly dividend to $0.2775 per share. Since 2015, the company has reduced its net debt by more than $11 billion, which signals its strong balance sheet. The company has raised its dividends for 5 years in a row. As of June 21, the stock’s dividend yield stood at 6.92%.

At the end of March 2022, 40 hedge funds tracked by Insider Monkey owned stakes in Kinder Morgan, Inc. (NYSE:KMI), up from 39 in the previous quarter. The consolidated value of these stakes is nearly $1.35 billion. Among these hedge funds, FPR Partners owned over 16 million shares in the Texas-based company, becoming its largest shareholder in Q1.