Genesis Energy, L.P. (GEL) To Go Ex-Dividend on January 30th

Genesis Energy, L.P. (NYSE:GEL) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Friday, January 30th will be given a dividend of 0.18 per share by the pipeline company on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, January 30th. This is a 9.1% increase from Genesis Energy’s previous quarterly dividend of $0.17.

Genesis Energy has decreased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Genesis Energy has a dividend payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings.

Genesis Energy Stock Up 1.2%

Shares of Genesis Energy stock opened at $17.19 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 19.90. The company has a market cap of $2.11 billion, a P/E ratio of -3.57 and a beta of 0.84. The firm’s 50 day moving average price is $15.73 and its 200-day moving average price is $16.25. Genesis Energy has a 52-week low of $10.28 and a 52-week high of $17.77.

Genesis Energy (NYSE:GEL) last announced its earnings results on Thursday, October 30th. The pipeline company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.18). The firm had revenue of $414.00 million during the quarter. Genesis Energy had a negative net margin of 26.61% and a negative return on equity of 28.39%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted ($0.32) EPS.

About Genesis Energy

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.