Genesis Energy Stock To Go Ex-dividend Tomorrow (GEL)
The ex-dividend date for Genesis Energy (NYSE:GEL) is tomorrow, November 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $26.08 as of 9:50 a.m., the dividend yield is 6.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Genesis Energy (NYSE: GEL) is tomorrow, November 1, 2011. Owners of shares as of market close today will be eligible for a dividend of 43 cents per share. At a price of $26.08 as of 9:50 a.m. ET, the dividend yield is 6.5%. The average volume for Genesis Energy has been 267,300 shares per day over the past 30 days. Genesis Energy has a market cap of $1.9 billion and is part of the basic materials sector and energy industry. Shares are up 0% year to date as of the close of trading on Friday. Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States. The company operates through three divisions: Pipeline Transportation, Refinery Services, and Supply and Logistics. The company has a P/E ratio of 51.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Genesis Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Genesis Energy Ratings Report. See our dividend calendar or top-yielding stocks list.