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.
By participating in the Plan, you can increase your investment in Genesis without incurring brokerage charges. The price of the shares issued under the Plan will be based on an average market price prior to the date of issue less a discount of 2.5%.
Details of the plan, including how to participate, are available below:Offer Document Dividend Reinvestment Plan 28 Aug 2019 Participation Form Dividend Reinvestment Plan 28 Aug 2019
Our dividend policy
Dividends and other distributions with respect to Genesis Shares are made only at the discretion of the board of Genesis. The payment of dividends is not guaranteed and Genesis Energy`s dividend policy may change.
The board`s decisions in relation to the level of reserves and retentions may affect any dividends or distributions you receive from the shares.
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 Energy`s:
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 Energy`s intention to pay a dividend that provides Shareholders with a consistent, reliable and attractive dividend even in periods of business-cycle downturn. It is intended that, year on year, the dollar amount of ordinary dividend payments will be at least maintained in real terms.
Genesis intends to pay dividends semi-annually, typically in April and October each year.
Our intention is for the amount of the dividend payments to be split 50:50 between interim and final dividends.
Here`s a summary of what we intend to pay and when we intend to pay it:
|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 |