Kinder Morgan Sets $0.2975 Quarterly Dividend, Payable Nov. 16

Kinder Morgan’s board approved a $0.2975-per-share third-quarter dividend on Oct. 21, keeping the payout level with the previous quarter while raising it 2% from a year earlier.

The company set Nov. 2 as the record date and Nov. 16 as the payment date. The dividend amounts to $1.19 per share on an annualized basis.

Kinder Morgan operates energy infrastructure, including pipelines that carry natural gas and petroleum and terminals that store and handle commodities. Executive Chairman Richard D. Kinder said the company is focused on “driving future earnings and cash flows to support a growing dividend and maintain a strong balance sheet.”