Genesis Energy, L.P. (NYSE:GEL) Plans $0.15 Quarterly Dividend

Genesis Energy, L.P. (NYSE:GEL) declared a quarterly dividend on Wednesday, July 10th, NASDAQ reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.15 per share by the pipeline company on Wednesday, August 14th. This represents a $0.60 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, July 31st.

Genesis Energy has decreased its dividend by an average of 15.7% per year over the last three years. Genesis Energy has a payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings.

Genesis Energy Trading Up 1.0 %

NYSE GEL traded up $0.14 during trading hours on Thursday, hitting $14.23. The company’s stock had a trading volume of 308,242 shares, compared to its average volume of 373,962. The stock has a fifty day moving average of $13.28 and a 200 day moving average of $12.17. The company has a quick ratio of 0.90, a current ratio of 1.05 and a debt-to-equity ratio of 4.39. The firm has a market capitalization of $1.74 billion, a P/E ratio of 41.38 and a beta of 2.11. Genesis Energy has a twelve month low of $8.05 and a twelve month high of $14.68.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.10). The firm had revenue of $770.11 million during the quarter. Genesis Energy had a return on equity of 14.70% and a net margin of 4.14%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) EPS.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.