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Genesis Energy LP Message Board

  • spring.creek spring.creek Jan 10, 2013 11:34 AM Flag

    Distribution Increase

    From a "Factoids" post on the MLP Investor Village Message Board:

    GEL dist up 10.2% year over year or 2.6% over last quarter
    Genesis Energy, L.P. (GEL) announced today that it will pay a regular quarterly distribution of $0.485 per Common Unit for the quarter ended December 31, 2012. The distribution will be paid on February 14, 2013, to Common Unitholders of record at the close of business on February 1, 2013. This distribution represents an increase of approximately 10.2% over the fourth quarter 2011 quarterly distribution of $0.44 per unit, and an approximate 2.6% increase over the distribution paid with respect to the third quarter of 2012. This is the thirtieth consecutive quarter in which Genesis has increased its quarterly distribution. During this period, twenty-five of those quarterly increases have been 10% or greater year-over-year

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