Genesis Energy Stock To Go Ex-dividend Monday (GEL)
The ex-dividend date for Genesis Energy (NYSE:GEL) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $28.90 as of 9:30 a.m., the dividend yield is 6.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Genesis Energy (NYSE: GEL) is Monday, January 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $28.90 as of 9:30 a.m. ET, the dividend yield is 6.1%. The average volume for Genesis Energy has been 209,400 shares per day over the past 30 days. Genesis Energy has a market cap of $2.06 billion and is part of the basic materials sector and energy industry. Shares are up 3.4% year to date as of the close of trading on Thursday. 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 43.8, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Genesis Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Genesis Energy Ratings Report. See our dividend calendar or top-yielding stocks list.