Increasing Earnings, Adjusted Dividends: Genesis Energy Ensures Stability for Shareholders through Strategic Changes
By the close of today, February 14, 2024, Genesis Energy (NYSE:GEL) will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 4.86%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 30, 2024.
Genesis Energy Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-30 | 4 | $0.15 | 4.86% | 2024-01-10 | 2024-01-31 | 2024-02-14 |
| 2023-10-30 | 4 | $0.15 | 5.84% | 2023-10-11 | 2023-10-31 | 2023-11-14 |
| 2023-07-28 | 4 | $0.15 | 6.08% | 2023-07-12 | 2023-07-31 | 2023-08-14 |
| 2023-04-27 | 4 | $0.15 | 5.36% | 2023-04-11 | 2023-04-28 | 2023-05-15 |
| 2023-01-30 | 4 | $0.15 | 5.67% | 2023-01-11 | 2023-01-31 | 2023-02-14 |
| 2022-10-28 | 4 | $0.15 | 5.91% | 2022-10-10 | 2022-10-31 | 2022-11-14 |
| 2022-07-28 | 4 | $0.15 | 7.5% | 2022-07-12 | 2022-07-29 | 2022-08-12 |
| 2022-04-28 | 4 | $0.15 | 4.8% | 2022-04-06 | 2022-04-29 | 2022-05-13 |
| 2022-01-28 | 4 | $0.15 | 4.95% | 2022-01-13 | 2022-01-31 | 2022-02-14 |
| 2021-10-28 | 4 | $0.15 | 5.6% | 2021-10-05 | 2021-10-29 | 2021-11-12 |
| 2021-07-29 | 4 | $0.15 | 5.26% | 2021-07-07 | 2021-07-30 | 2021-08-13 |
| 2021-04-29 | 4 | $0.15 | 6.3% | 2021-04-07 | 2021-04-30 | 2021-05-14 |
With a dividend yield that places it neither at the top nor the bottom, Genesis Energy finds itself in the middle among its industry peers, while Okeanis Eco Tankers (NYSE:ECO) boasts the highest annualized dividend yield at 18.41%.
Analyzing Genesis Energy Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average decrease in the company's dividend per share, decreasing from $1.00 in 2020 to $0.60 in 2023. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For Genesis Energy
Investors can observe a growth in earnings for Genesis Energy from 2020 to 2023, as earnings per share increased from $-0.71 to $0.45. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Genesis Energy and its implications for shareholders. Presently, the company is distributing a dividend of $0.15 per share, leading to an annualized dividend yield of 4.86%.
With a dividend yield that places it neither at the top nor the bottom, Genesis Energy finds itself in the middle among its industry peers, while Okeanis Eco Tankers boasts the highest annualized dividend yield at 18.41%.
Considering the decrease in dividend per share from 2020 to 2023 along with an increase in earnings per share, Genesis Energy seems to be allocating more profits towards business expansion instead of dividend payments.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Genesis Energy's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.