KMI - Kinder Morgan, Inc Added to iMOBHQ's Watch List

February 13, 2011.  California, USA. Several Days after it's initial public offering (IPO), Kinder Morgan, Inc has been added to iMOBHQ.COM's Monitored companies.  This is due to KMI's interests in it's Master Limited Partnership Kinder Morgan Energy Partners LP.  (KMP). 

The IPO price of $30 per share implied a yield of 3.9 percent based on $1.16 per share in dividends Kinder Morgan said in the filing it would pay annually if it was public for all of 2011, analysts said.

Kinder Morgan's private equity investors and management will retain control of nearly 90 percent of the company.

Chief Executive Officer Rich Kinder, who led the 2007 buyout of the company, is keeping his entire 30.6 percent stake, which leaves him heavily invested in the company's future in contrast with typical private-equity investors' exits from a bought-out company through an IPO.

The CEO previously was president of energy company Enron Corp but left in 1996 -- years before it was enmeshed in an accounting scandal and went bankrupt.

 

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