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Genesis Energy, L.P. Declares Quarterly Distribution

GENESIS ENERGY (GEL)  More Company Research Source: Business Wire
Last genesis energy earnings: 8/8 06:00 am Check Earnings Report
US:NYSE Investor Relations: genesisenergy.com/investors
PDF HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) announced today that, on January 10, 2018, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended December 31, 2017. These distributions will be paid on February 14, 2018 to holders of record at the close of business on January 31, 2018. Each holder of common units will be paid a quarterly cash distribution of $0.51 ($2.04 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis declared a payment-in-kind of the quarterly distribution resulting in the issuance of an additional approximately 490,252 preferred units (“PIK units”). Each holder of preferred units will be paid through the issuance of 0.021875 PIK units (plus cash for any fractional unit based on $33.71 per unit) for e [Read more]

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