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The Market Is Relieved
Indices:
- Dow 30: up 50 points
- S&P 500: up 23 points
- Nasdaq: up $185 points
KMI, link here:
- raises dividend ever so slightly, from 27 cents to 27.75 cents/share
- earnings: $621 million vs $516 million same quarter a year ago; 28 cents/share
- net income: $635 million vs a loss of $757 million same quarter one year ago;
- distributable cash flow: $1,176 million vs $1,025 million same quarter one year ago; 52 cents per share;
- guidance is positive
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