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Genesis Energy dividends

See our policy and approach for making dividend payments. And find out when we intend to make them each year.

You can find the terms and amounts of any dividends we pay to our shareholders below.

Dividend Reinvestment Plan

Genesis has established the Genesis Dividend Reinvestment Plan (“Plan”), offering you the opportunity to reinvest the net proceeds of your dividends on some or all of your existing Genesis shares in additional, fully paid Genesis Shares.

In February 2021, the Genesis Energy board suspended the Plan. Offer documents for the suspended plan are available below:

Offer Document – Dividend Reinvestment Plan – Feb 2018

Participation Form – Dividend Reinvestment Plan – Feb 2018

 

Our dividend policy

In determining dividends payable to shareholders, Genesis will comply with the solvency test specified in the Companies Act.

Under ordinary business circumstances, the dividend to be declared is determined by reference to Genesis’:

  • working capital requirements;

  • medium-term fixed asset expenditure programme;

  • investment in new business opportunities; and

  • risk profile, taking into account the sustainable financial structure for the business and considering predictions of short and medium-term economic and market conditions.

Subject to the above circumstances that, from year to year, may affect the quantum of dividend paid, it is Genesis’ intention to pay a dividend that provides shareholders with a consistent, reliable and attractive dividend.

In determining the actual level of dividends, Genesis aims to pay out between 70% and 90% of its free cash flow. Free Cash Flow is defined as EBITDAF less net interest paid less taxation paid less stay in business capital expenditure.

Genesis Energy intends to pay dividends semi-annually, typically in April and October of each year.

Dividend payments

Here's a summary of what we have paid in the past and future payments that have been announced:   
 

Dividend Record Date Payment Date Amount
2016 Final Dividend 30 September 2016 14 October 2016 8.2 cents per share
2017 Interim Dividend 30 March 2017 13 April 2017 8.2 cents per share
2017 Final Dividend 29 September 2017 13 October 2017 8.4 cents per share
2018 Interim Dividend 06 April 2018 20 April 2018 8.3 cents per share
2018 Final Dividend 05 October 2018 19 October 2018 8.6 cents per share
2019 Interim Dividend 04 April 2019 18 April 2019 8.45 cents per share
2019 Final Dividend 17 October 2019 31 October 2019 8.6 cents per share
2020 Interim Dividend 18 March 2020 1 April 2020 8.525 cents per share
2020 Final Dividend 11 September 2020 25 September 2020 8.675 cents per share
2021 Interim Dividend 18 March 2021 1 April 2021 8.6 cents per share
2021 Final Dividend 24 September 2021 8 October 2021 8.8 cents per share