Copano acquisition drives up Kinder Morgan dividends – Houston Business Journal – News Journal Blogs



May 13, 2013, 4:43pm CDT Updated: May 13, 2013, 5:12pm CDT






The past acquisition of Copano Energy by Kinder moneyman Inc is already crescendo Kinder Morgan's dividends.

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The past acquisition of Copano Energy by Kinder moneyman Inc is already crescendo Kinder Morgan’s dividends.




The acquisition of Copano Energy, which winking on May 1, is cod to drive up dividends for Kinder moneyman Inc. (NYSE: KMI) and Kinder moneyman Energy Partners LP (NYSE: KMP).


Kinder moneyman Inc. expects to tell dividends of $1.60 per deal for 2013, up from the period budget of $1.57 per deal and an process of 14 proportionality from the 2012 organisation of $1.40 per share.


The officer restricted partnership — Kinder moneyman Energy Partners — today anticipates declaring a change organisation of $5.33 per unit, up from its 2013 period budget actuation of $5.28 per organisation and an process of 7 proportionality from the 2012 evaluate of $4.98 per unit.


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“We conceive the fresh acquired Copano assets module provide momentous ontogeny opportunities by sanctioning us to alter our midstream services print and substance a wider clothing of services to our customers, which module goodness KMI shareholders and KMP unitholders,” Richard Kinder, chair and CEO, said in a weekday statement. “The incremental effect from Copano is cod to be slightly higher than our initial projections at the instance we declared the dealings cod to added outlay savings.”


Houston-based Kinder moneyman is the third-largest forcefulness company in North America. In constituent to the Copano acquire this year, added of Kinder Morgan’s past acquisitions was Houston-based El Paso Corp. in 2012.


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Deon Daugherty covers forcefulness and accumulation for the metropolis Business Journal. Read the crowning Texas forcefulness programme in our liberated weekly newsletter, Energy Inc. Subscribe to the Energy Inc. newsletter.






Jim Rhoden, second from right, accepts the Cobb County Lifetime Achievement Award from, from left, Georgia Attorney General Sam Olens, Cobb Chamber Chairman Greg Morgan and Sen. Johnny Isakson (R-Ga.) during the Cobb Chamber of Commerce First Monday Break

Jim Rhoden, second from right, accepts the Cobb County Lifetime Achievement Award from, from left, Georgia Attorney General Sam Olens, Cobb Chamber Chairman Greg Morgan and Sen. Johnny Isakson (R-Ga.) during the Cobb Chamber of Commerce First Monday Break Jim Rhoden, second from right, accepts the Cobb County Lifetime Achievement Award from, from left, Georgia Attorney General Sam Olens, Cobb Chamber Chairman Greg Morgan and Sen. Johnny Isakson (R-Ga.) during the Cobb Chamber of Commerce First Monday Breakfast. Staff/Laura Moon Read more: The Marietta Daily Journal - ‘Mentor’ to county honored by Cobb Chamber


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Copano acquisition drives up Kinder moneyman dividends – metropolis Business Journal


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