Genesis Energy increases distribution 2.5% sequentially to 51c

theflyonthewall.com

Genesis Energy announced that it will pay a regular quarterly distribution of 51c per common unit for the quarter ended June 30, to be paid on August 14 to common unitholders of record at the close of business on August 1. This distribution represents an increase of approximately 10.9% over the second quarter 2012 quarterly distribution of 46c per unit, and an approximate 2.5% increase over the distribution paid with respect to the first quarter of 2013.

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