Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Genesis Energy Raises Distribution

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Genesis Energy (NYSE: GEL  ) is lengthening its streak of unit holder payout increases. The company has declared its latest distribution, which is to be $0.5225 per unit paid on November 14 to shareholders of record as of November 1. That amount is $0.025, or 5%, higher than the preceding disbursement of $0.4975, which was paid in August. It is 11% higher than the $0.4725 handed out in November 2012.

Genesis Energy, which operates as a master limited partnership, has now raised its distribution for 33 quarters in a row. Of those payouts, 28 have represented an increase of more than 10% on a year-over-year basis.

The new distribution annualizes to $2.09 per unit. That yields 4.3% at Genesis Energy's current unit price of $48.99.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2675825, ~/Articles/ArticleHandler.aspx, 9/1/2015 4:19:05 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

Today's Market

updated 7 hours ago Sponsored by:
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASD 4,776.51 -51.82 -1.07%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/31/2015 4:02 PM
GEL $43.66 Down -0.48 -1.09%
Genesis Energy, L.… CAPS Rating: ****