Kinder Morgan Inc.
Buy 19 shares @ $34.79 at 7/25/2015
They transport and store petroleum on a very large scale.
From an investor point of view, this is one of the few non-Aristocrats I added to the portfolio.
Their current dividend increasing streak is only 4 years, but according to David Fish' CCC list, they are a former Contender.
We have seen recent declines in all Energy related stocks.
CVX, down 16% since I bought it, last September.
HP, down 45% in the same period.
XOM, down 20%.
This does not worry me at all.
We cannot time the market and we have to treat it as opportunities to average down.
I will definitely try to do so with CVX, if their decline continues.
On the bright side: my yield on cost on this KMI purchase starts at an amazing 5.52%.
Theres more good news, as KMI could transfer and store other products as well. For example natural gas. This should maintain a very nice income stream in the future.
The yield of 5.00% is below the sector average of 5.45%, but I'd take a 5% yield any day.
What do you think of this purchase?
Thanks for reading!