Genesis Energy (GEL) Raises Quarterly Dividend 2.5% to $0.61; 5.2% Yield
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Genesis Energy, L.P. Announces Public Offering of Common Units
April 6, 2015 4:11 PM EDTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a registered underwritten public offering of 4,000,000 common units representing limited partner interests. We expect to grant the underwriters a 30-day option to purchase up to 600,000 additional common units from us. We intend to use the net proceeds from the offering, including any net proceeds from the underwriters exercise of their option to purchase additional common units, for general partnership purposes, including funding acquisitions (including organic growth projects) or repaying a portion of the borrowings outstanding under our revolving credit facility.
... MoreGenesis Energy, L.P. Increases Quarterly Distribution
April 6, 2015 4:11 PM EDTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular quarterly distribution of $0.61 per Common Unit for the quarter ended March 31, 2015. The distribution will be paid on May 15, 2015, to Common Unitholders of record at the close of business... More
