Genesis Energy Announces An Increase Of $0.015 In The Quarterly Distribution Per Common Unit Starting With The 3Q Distribution
Portfolio Pulse from Benzinga Newsdesk
Genesis Energy announced a $0.015 increase in the quarterly distribution per common unit starting with the 3Q distribution, representing a 10% increase over the previous quarter. The distribution is scheduled for November 14, 2024, with an incremental annual cash cost of approximately $7.3 million.
August 01, 2024 | 10:06 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Genesis Energy announced a $0.015 increase in the quarterly distribution per common unit starting with the 3Q distribution, representing a 10% increase over the previous quarter. The distribution is scheduled for November 14, 2024, with an incremental annual cash cost of approximately $7.3 million.
The increase in the quarterly distribution per common unit is a positive signal to investors, indicating confidence in future business performance and financial health. This is likely to have a positive short-term impact on GEL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100