High-Yield and High-Growth? This Energy Stock Backs Its 3.7%-Yielding Dividend With Booming AI-Driven Gas Demand.
Kinder Morgan reported robust earnings growth in the second quarter.
Overview
High-yield dividend stocks tend to be slower-growing companies. However, that's not the case with Kinder Morgan (NYSE: KMI). The natural gas pipeline giant grew adjusted earnings per share by a brisk 32% in the second quarter, driven by robust gas demand. That's providing plenty of support for its 3.7%-yielding dividend.
That strong growth should continue, fueled by rising power demand to support AI data centers and other catalysts. It should give the pipeline stock ample power to continue growing its high-yielding dividend.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.