If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Genesis Energy LP is 2.73, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Genesis Energy LP was 12.22. The lowest was 0.60. And the median was 2.72.
During the past 3 years, the average Dividends Per Share Growth Rate was -15.70% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -26.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -14.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Genesis Energy LP was 70.20% per year. The lowest was -57.80% per year. And the median was 8.25% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Genesis Energy LP Dividend Yield % Historical Data
The historical data trend for Genesis Energy LP's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Genesis Energy LP's Dividend Yield %
For the Oil & Gas Midstream subindustry, Genesis Energy LP's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Genesis Energy LP's Dividend Yield % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Genesis Energy LP's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Genesis Energy LP's Dividend Yield % falls into.
Genesis Energy LP Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Genesis Energy LP Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.150
2024-01-30
2024-01-31
2024-02-14
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.150
2023-10-30
2023-10-31
2023-11-14
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.150
2023-07-28
2023-07-31
2023-08-14
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Genesis Energy LP's Trailing Annual Dividend Yield (%) for Today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Genesis Energy LP (NYSE:GEL) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
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Genesis Energy LP (Genesis Energy LP) Business Description
Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.
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