Looking for a Rock-Solid Passive Income Stream? Check Out This 4.3%-Yielding Dividend Stock.
A high dividend yield can sometimes be a sign of a higher risk profile. Oftentimes, high-yield dividend stocks have weaker financial profiles, which puts their payouts at risk of a reduction if the company experiences a financial setback. However, that's not always the case. That's clear when considering Kinder Morgan's (NYSE: KMI) high-yielding dividend. The natural gas pipeline giant backs its 4.3%-yielding payout with a rock-solid financial profile. Because of that, it's an excellent option for those seeking a safe and secure passive income stream.Kinder Morgan owns and operates an irreplaceable portfolio of energy infrastructure assets, like pipelines, processing plants, and storage terminals. Most of its assets produce very stable and predictable earnings. About 64% of its cash flow comes from take-or-pay agreements, meaning Kinder Morgan gets paid a fee regardless of whether the customer utilizes the capacity. Continue reading
A high dividend yield can sometimes be a sign of a higher risk profile. Oftentimes, high-yield dividend stocks have weaker financial profiles, which puts their payouts at risk of a reduction if the company experiences a financial setback.
However, that's not always the case. That's clear when considering Kinder Morgan's (NYSE: KMI) high-yielding dividend. The natural gas pipeline giant backs its 4.3%-yielding payout with a rock-solid financial profile. Because of that, it's an excellent option for those seeking a safe and secure passive income stream.
Kinder Morgan owns and operates an irreplaceable portfolio of energy infrastructure assets, like pipelines, processing plants, and storage terminals. Most of its assets produce very stable and predictable earnings. About 64% of its cash flow comes from take-or-pay agreements, meaning Kinder Morgan gets paid a fee regardless of whether the customer utilizes the capacity.
