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KINDER MORGAN INC . KINDER MORGAN INCREASES DIVIDEND 3 PERCENT AND RAISES 2021 GUIDANCE HOUSTON , April 21 , 2021 - Kinder Morgan , Inc.'s ( NYSE : KMI ) board of directors today approved a cash dividend of $ 0.27 per share for the first quarter ( $ 1.08 annualized ) , payable on May 17 , 2021 , to stockholders of record as of the close of business on April 30 , 2021. This dividend represents a 3 % increase over the fourth quarter of 2020 . KMI is reporting first quarter net income attributable to KMI of $ 1,409 million , compared to a net loss attributable to KMI of $ 306 million in the first quarter of 2020 ; and distributable cash flow ( DCF ) of $ 2,329 million , compared to $ 1,261 million in the first quarter of 2020. The increases are primarily related to the February winter storm and therefore largely nonrecurring . We realized greater margins on KMI's Texas intrastate pipeline systems resulting from the temporary supply and demand imbalances and substantial spot market price volatility caused by the storm ; as well as favorable contributions from the CO2 segment , which curtailed oil production during the storm , allowing power it would have used to be delivered to the grid . Net income for the first quarter of 2021 is also higher relative to the prior year period due to $ 971 million of impairment charges taken in the first quarter of 2020 . " Apart from the storm and throughout the quarter , our assets continued to provide strong cash flow as we remain guided by a sound corporate philosophy : fund our capital needs internally , maintain a healthy balance sheet , and return excess cash to our shareholders through dividend increases and / or share repurchases , ” said KMI Executive Chairman Richard D. Kinder . " The bulk of our improvement in net income and DCF is due to the strong performance of our Natural Gas Pipelines segment in the face of challenging circumstances presented by the February winter storm . That performance was a result of actions we took following previous weather events , as well as actions we took immediately prior to and during this storm to ensure that our systems could remain operational , ” said KMI Chief Executive Officer Steve Kean . " Those actions included enhanced weatherization at storage and other facilities , ensuring critical facilities had backup generation so they wouldn't lose power , and deploying additional personnel and equipment at normally automated facilities to maintain operations and be positioned to make any necessary repairs if roads became impassable . " Our storage assets performed exceptionally well , allowing us to deliver gas into the market throughout the storm . These storage withdrawals , along with gas we purchased before and during the event , enabled us to deliver significant volumes of gas at contractual or prevailing prices . These volumes were directed primarily to serve gas utilities and power plants , including some customers who traditionally find their gas supplies elsewhere , ” continued Kean . “ I am extremely proud of our co - workers throughout the organization in commercial , control rooms , 1