This High-Yielding Dividend Stock Couldn't Be More Excited About Its Growth Prospects

Companies with high dividend yields often tend to be past their prime, and lacking in growth prospects. That limited ability to invest in expanding their businesses is why they instead distribute more of their free cash flow to shareholders. That used to describe Kinder Morgan (NYSE: KMI). The pipeline giant's earnings had leveled out in recent years due to slowing demand growth for natural gas. Because of that, it has only been hiking its high-yielding dividend (3.7% at current share prices) by modest rates of around 2% per year. However, the natural gas industry is starting to experience a revival, fueled by growing power demand for AI data centers and other catalysts like the re-shoring of manufacturing. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool