Master limited partnership Genesis Energy (GEL) will raise its quarterly distribution to $0.70 per share. The new estimated dividend yield for Genesis Energy is 7.6%.

The distribution will be paid on November 14, 2016, to Common Unitholders of record at the close of business on October 28, 2016. This distribution represents an increase of approximately 9.4% over the third quarter 2015 quarterly distribution of $0.64 per unit, and an approximate 1.4% increase over the distribution paid with respect to the second quarter of 2016. This is the forty-fifth consecutive quarter in which Genesis has increased its quarterly distribution.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include onshore and offshore pipeline transportation, refinery services, marine transportation and supply and logistics. Genesis' operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.