Genesis Energy, L.P. (NYSE:GEL) Shares Set to Pay Quarterly Dividend of $0.20

Genesis Energy, L.P. (NYSE:GEL – Get Free Report) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Friday, October 30th will be given a dividend of $0.20 per share by the pipeline company on Friday, November 13th. This represents a $0.80 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, October 30th.

Genesis Energy has decreased its dividend payment by an average of 0.1%per year 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 53.0% meaning its dividend is sufficiently covered by earnings.

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Genesis Energy Stock Performance

Shares of NYSE GEL traded up $0.04 during trading hours on Thursday, reaching $14.36. 215,515 shares of the stock were exchanged, compared to its average volume of 287,294. The company has a debt-to-equity ratio of 24.31, a quick ratio of 0.90 and a current ratio of 0.93. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 75.58 and a beta of 0.83. The stock’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $15.70. Genesis Energy has a 52 week low of $13.55 and a 52 week high of $18.64.

Genesis Energy (NYSE:GEL – Get Free Report) last posted its earnings results on Thursday, August 6th. The pipeline company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.24. Genesis Energy had a return on equity of 55.96% and a net margin of 4.29%.The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $532.00 million. During the same quarter last year, the firm earned ($0.12) earnings per share.

Genesis Energy Company Profile

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Genesis Energy, L.P. is a Houston-based midstream energy company that provides transportation, handling, and logistics services for crude oil, natural gas, and related products. Its operations support energy producers, refiners, and industrial customers, with a significant presence in the Gulf of Mexico and along the U.S. Gulf Coast.

The company’s offshore pipeline transportation business includes systems that gather and transport crude oil and natural gas from offshore production areas to onshore facilities.

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