Genesis Energy, L.P. Declares Quarterly Distribution
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Genesis Energy, L.P. has declared a quarterly cash distribution for its common and preferred unit holders for the quarter ended December 31, 2024. Common unit holders will receive $0.165 per unit, equating to $0.66 annually.
January 16, 2025 | 10:15 am
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POSITIVE IMPACT
Genesis Energy, L.P. has announced a quarterly cash distribution of $0.165 per common unit, indicating a stable dividend policy.
The announcement of a quarterly cash distribution suggests financial stability and a commitment to returning value to shareholders, which is likely to have a positive short-term impact on GEL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100