Genesis Energy Stock To Go Ex-dividend Tomorrow (GEL)

NEW YORK ( TheStreet) -- The ex-dividend date for Genesis Energy (NYSE: GEL) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $31 as of 9:30 a.m. ET, the dividend yield is 5.8%.

The average volume for Genesis Energy has been 279,700 shares per day over the past 30 days. Genesis Energy has a market cap of $2.48 billion and is part of the basic materials sector and energy industry. Shares are up 11.5% year to date as of the close of trading on Wednesday.

Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. It operates through three divisions: Pipeline Transportation, Refinery Services, and Supply and Logistics. The company has a P/E ratio of 41.6, equal to the average energy industry P/E ratio and 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, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Genesis Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.
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