HARTFORD, Conn. (AP) — Kinder Morgan Inc., the energy giant proposing gas pipelines in Northeast that have drawn opposition, is weathering another challenge — financial woes linked to falling energy prices and a steep drop in its stock price forcing it to find new sources of capital.
The Houston-based company announced Tuesday a 75 percent cut in its quarterly dividend to 12.5 cents per share to conserve cash for financing portions of its expansion projects. In addition to a $3.3 billion pipeli
HARTFORD, Conn. (AP) — Kinder Morgan Inc., the energy giant proposing gas pipelines in Northeast that have drawn opposition, is weathering another challenge — financial woes linked to falling energy prices and a steep drop in its stock price forcing it to find new sources of capital.
The Houston-based company announced Tuesday a 75 percent cut in its quarterly dividend to 12.5 cents per share to conserve cash for financing portions of its expansion projects. In addition to a $3.3 billion pipeli…
