January 11, 2012 Declared

Genesis Lifts Distribution for 26th Straight Quarter


Genesis Energy (GEL) declared a quarterly distribution of $0.44 per unit this morning, which is a 2.9% increase over its previous payout and a 10.0% improvement over its distribution during the same period last year. The diversified energy partnership has now raised its distribution for 26 consecutive quarters.

GEL closed Tuesday’s session trading at $28.90, where it now yields 6.09%.

Genesis has raised its distribution every quarter since late 2005, increasing its payout by a total of 193% during the streak.

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