July 15 (Reuters) - Kinder Morgan Inc's second-quarter profit fell nearly 29 percent from the firstquarter, and the pipeline company said it increased itsquarterly divided by 14 percent.
The company also said it would buy the 49 percent stake thatit does not already own in natgas joint venture ElbaLiquefaction Co LLC from Royal Dutch Shell Plc.
Kinder Morgan, which last year put all of its publiclytraded partnerships into one corporate parent, said on Wednesdaythat it continued to remain on track for 2015 dividend target of$2 per share.
Net income attributable to Kinder Morgan fell to $333million in the second quarter ended June 30, from $469 millionin the first quarter ended March 31. (Reporting by Tanvi Mehta and Sneha Banerjee in Bengaluru;Editing by Maju Samuel)
