Kinder Morgan Inc. chopped its dividend 75%. It is the first ever the company has slashed payouts to shareholders since it has been a publicly traded company.
The move will reduce the annual dividend to $.50 a share from about $2 a share.
The pipeline giant’s shares have cut about half their value since it first warned on October 21 that payouts would be slow.
The material has been provided by InstaForex Company – www.instaforex.com