Oct 10 (Reuters) - Genesis Energy LP :
* L.p. increases quarterly distribution
* Will pay quarterly distribution of $0.4725 per common unit, 2.7% increase
from Q2 2012 * Source text:
Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular quarterly distribution of $0.4725 per Common Unit for the quarter ended September 30, 2012. The distribution will be paid on November 14, 2012, to Common Unitholders of record at the close of business on November 1, 2012. This distribution represents an increase of approximately 10.5% over the third quarter 2011 quarterly distribution of $0.4275 per unit, and an approximate 2.7% increase over the distribution paid with respect to the second quarter of 2012. This is the twenty-ninth consecutive quarter in which Genesis has increased its quarterly distribution. During this period, twenty-four of those quarterly increases have been 10% or greater year-over-year.
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