CVR Partners, LP (NYSE:UAN) Raises Dividend to $3.89 Per Share

Key Points

• CVR Partners, LP announced a dividend increase to $3.89 per share, marking a 72.1% increase from its previous dividend of $2.26.
• The dividend is set to be paid on August 18th to stockholders of record as of August 12th, with an ex-dividend date of August 11th.
• CVR Partners reported $3.67 earnings per share for the last quarter, with a net margin of 15.27% and revenue of $168.56 million.

CVR Partners, LP (NYSE:UAN - Get Free Report) declared a dividend on Tuesday, August 5th, investing.com reports. Stockholders of record on Tuesday, August 12th will be paid a dividend of 3.89 per share by the basic materials company on Monday, August 18th. This represents a dividend yield of 1,601.0%. The ex-dividend date is Monday, August 11th. This is a 72.1% increase from CVR Partners's previous dividend of $2.26.

CVR Partners Stock Performance

NYSE:UAN traded up $0.39 during mid-day trading on Wednesday, reaching $97.20. The stock had a trading volume of 51,050 shares, compared to its average volume of 24,234. CVR Partners has a twelve month low of $62.94 and a twelve month high of $98.08. The business has a 50 day simple moving average of $88.38 and a 200 day simple moving average of $81.43. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.68 and a beta of 1.07. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.40 and a current ratio of 3.45.

CVR Partners (NYSE:UAN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 29.35% and a net margin of 15.27%. The business had revenue of $168.56 million during the quarter.

Hedge Funds Weigh In On CVR Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in CVR Partners during the 4th quarter valued at $233,000. Stifel Financial Corp acquired a new stake in shares of CVR Partners during the fourth quarter valued at $227,000. MGO One Seven LLC purchased a new stake in CVR Partners during the 4th quarter worth about $243,000. Susquehanna Fundamental Investments LLC purchased a new position in CVR Partners in the 4th quarter valued at about $480,000. Finally, Icahn Carl C boosted its stake in shares of CVR Partners by 4.5% during the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock worth $308,868,000 after purchasing an additional 174,192 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company's stock.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.