Readers hoping to buy Genesis Energy Limited (NZSE:GNE) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. This means that investors who purchase shares on or after the 10th of September will not receive the dividend, which will be paid on the 25th of September.
Genesis Energy’s next dividend payment will be NZ$0.099 per share, on the back of last year when the company paid a total of NZ$0.17 to shareholders. Last year’s total dividend payments show that Genesis Energy has a trailing yield of 5.7% on the current share price of NZ$3.02. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it’s growing.
Check out our latest analysis for Genesis Energy
Dividends are typically paid