Genesis Energy LP's board authorises quarterly distribution on common and preferred units.

Global Banking News-July 10, 2020-Genesis Energy LP's board authorises quarterly distribution on common and preferred units

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Genesis Energy LP (NYSE:GEL) said on Thursday that the board of directors of its general partner has declared a distribution of USD0.15 (USD0.60 on an annualized basis) on its common units for the quarter ended 30 June 2020.

Additionally, the board approved a quarterly distribution of USD0.7374 (USD2.9496 on an annualized basis) on its 8.75% Class A convertible preferred units.

Both cash distributions will be paid on 14 August 2020 to...

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