Genesis Energy, L.P. (NYSE:GEL) to Issue $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 given 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 4.21%. The ex-dividend date of this dividend is Wednesday, July 31st.

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

Genesis Energy Stock Down 0.1 %

Genesis Energy stock opened at $14.25 on Tuesday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.90 and a current ratio of 1.05. The stock has a market cap of $1.75 billion, a PE ratio of 41.91 and a beta of 2.11. Genesis Energy has a fifty-two week low of $8.05 and a fifty-two week high of $15.17. The firm’s 50-day simple moving average is $13.64 and its 200 day simple moving average is $12.39.

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

Genesis Energy Company Profile

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.