Genesis Energy hikes dividend by 11.1%
Genesis Energy L.P. (GEL) announced another quarterly distribution increase on July 16, 2026, raising the payout by 11.1% to $0.20 per unit.
The latest increase is the second distribution hike of 2026, bringing the total increase this year to 21.2%. Genesis Energy has now increased its distribution for two consecutive years. At a unit price of $14.64, the annualized yield is approximately 5.5%. The ex-dividend date is July 31, 2026.
Genesis Energy has now announced two distribution increases during 2026, resulting in a cumulative increase of 21.2%. The partnership resumed distribution growth after several years without increases following a 72.7% distribution cut in 2020.
Genesis Energy is a U.S. midstream energy partnership that owns and operates pipelines, marine transportation assets, sulfur services and offshore infrastructure supporting oil and natural gas production.
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