Genesis Energy L.P. (GEL) Raises Quarterly Dividend 10.3% to $0.4275; 7% Yield

Genesis Energy L.P. (NYSE: GEL) declared a quarterly dividend of $0.4275 per share, or $1.71 annualized. This is a 10.3% increase from the prior dividend of $0.3875.

The dividend will be payable on November 14, 2011, to stockholders of record on November 3, 2011, with an ex-dividend date of November 1, 2011.

The annual yield on the dividend is 7 percent.

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