Kinder Morgan (KMI) will lower its quarterly dividend by 75.4 percent to $0.125 per share. Earlier in 2015 the dividend was raised from $0.44 to $0.51 following higher dividends in each quarter.

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. It owns an interest in or operates approximately 85,000 miles of pipelines and 152 terminals. KMI’s pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO(2) and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as steel, coal and petroleum coke. It is also a leading producer of CO(2) that we and others use for enhanced oil recovery projects primarily in the Permian basin.