Genesis Energy, L.P. (NYSE:GEL) to Issue Quarterly Dividend of $0.18

Genesis Energy, L.P. (NYSE:GELGet Free Report) announced a quarterly dividend on Wednesday, April 15th. Investors of record on Thursday, April 30th will be paid a dividend of 0.18 per share by the pipeline company on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 30th.

Genesis Energy has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Genesis Energy has a payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings.

Genesis Energy Price Performance

Shares of GEL stock traded up $0.09 during midday trading on Wednesday, reaching $17.25. 127,189 shares of the company were exchanged, compared to its average volume of 268,853. Genesis Energy has a 12 month low of $13.21 and a 12 month high of $18.64. The company has a market cap of $2.11 billion, a P/E ratio of -4.12 and a beta of 0.76. The company’s 50 day moving average price is $17.71 and its two-hundred day moving average price is $16.56. The company has a debt-to-equity ratio of 19.59, a quick ratio of 0.90 and a current ratio of 0.98.

Genesis Energy (NYSE:GELGet Free Report) last issued its quarterly earnings results on Thursday, February 12th. The pipeline company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.24). The firm had revenue of $440.76 million for the quarter. Genesis Energy had a negative net margin of 27.01% and a negative return on equity of 10.04%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.58) earnings per share.

About Genesis Energy

(Get Free Report)

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.

See Also

Dividend History for Genesis Energy (NYSE:GEL)

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