KINDER MORGAN INC

The table below reflects the declaration of dividends of $1.13 per share for 2023:

We expect to continue to return additional value to our shareholders in 2024 through our previously announced dividend increase. We plan to increase our dividend by 2% to $1.15 per common share in 2024. On January 18, 2023, our Board approved an increase to our stock buy-back program from $2 billionto $3 billion. Since December 2017, in total, we have repurchased approximately 86 million shares of our Class P common stock under the program at an average price of $17.09 per share for$1,472 million, leaving a remaining capacity ofapproximately $1.5 billion. For information on our stock buy-back program, see Note 11 “Stockholders’ Equity” to our consolidated financial statements.

The actual amount of dividends to be paid on our capital stock will depend on many factors, including our financial condition and results of operations, liquidity requirements, business prospects, capital requirements, legal, regulatory and contractual constraints, tax laws, Delaware laws and other factors. See Item 1A. “Risk Factors—Risks Related to Ownership of Our Capital Stock—The guidance we provide for our anticipated dividends is based on estimates. Circumstances may arise that lead to conflicts between using funds to pay anticipated dividends or to invest in our business.” All of these matters will be taken into consideration by our Board when declaring dividends.

Our dividends are not cumulative. Consequently, if dividends on our stock are not paid at the intended levels, our stockholders are not entitled to receive those payments in the future. Our dividends generally will be paid on or about the 15th day of each February, May, August and November.