Dividend Increase - KMI

I track dividend increases for stocks that I own. 
A dividend increase means more money every quarter and therefore yearly. It translates to additional dividend income.

Kinder Morgan Inc. (KMI)
Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved an increase in its quarterly cash dividend to $0.51 ($2.04 annualized) payable on Nov. 13, 2015, to shareholders of record as of the close of business on Nov. 2, 2015. This represents a 16 percent increase over the third quarter 2014 dividend of $0.44 per share ($1.76 annualized) and is up from $0.49 per share ($1.96 annualized) for the second quarter of 2015. This is KMI’s 15th quarterly dividend raise since it went public in February 2011.

Dividend Yield: 6.98%
Annual Payout: $2.04 (Paid Quarterly)
Payout Ratio: 283.3% (EPS: $0.72)
Dividend Growth: 4 years (Since 2011) 

I own 70 KMI shares and hence my yearly dividends will increase by $5.60 to $973.99.