GEL raises quarterly dividend 11.11% to $0.20 per share

Genesis Energy, L.P. (GEL) has announced a quarterly dividend increase of 11.11%, raising its payout to $0.2000 per share. The new dividend is payable to shareholders of record as of the ex-dividend date, which is set for July 31, 2026. This marks the second consecutive year of dividend increases for the company.

The numbers

The new quarterly payment of $0.2000 represents a significant step up from the previous $0.1800 per share. Over the past year, GEL has demonstrated a clear upward trajectory in its distributions: payments were $0.165 per share for the quarters ending April 30, July 31, and October 31 of 2025, then rose to $0.18 for the quarters ending January 30 and April 30, 2026, and now $0.20 for the quarter ending July 31, 2026. At the current share price of $15.31, the new annualized dividend rate of $0.80 per share translates to a trailing twelve-month (TTM) yield of 4.74%, based on TTM dividends of $0.7250 per share. However, it is important to note that the company's 5-year dividend compound annual growth rate (CAGR) is -8.0%, reflecting past cuts. For a detailed breakdown of past payments, see the dividend history.

What it means for income investors

For income investors, this raise implies that a holder of 100 shares of GEL will now receive $20.00 per quarter, or $80.00 annually, up from $72.00 previously. The increase signals management's confidence in the company's cash flow, but the negative 5-year CAGR serves as a reminder of the volatility in distributions. Investors should consider the full history and their own income needs when evaluating GEL.

Reporting based on: DividendSmart market data. Figures verified against market data where available.