CVR Partners, LP (NYSE:UAN) Declares Dividend of $3.89

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) announced a dividend on Tuesday, August 5th, investing.com reports. Stockholders of record on Tuesday, August 12th will be given 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 of this dividend is Monday, August 11th. This is a 72.1% increase from CVR Partners's previous dividend of $2.26.

CVR Partners Trading Up 0.7%

Shares of NYSE:UAN traded up $0.71 during midday trading on Friday, hitting $96.64. The company had a trading volume of 59,933 shares, compared to its average volume of 25,705. CVR Partners has a 12 month low of $62.94 and a 12 month high of $98.99. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 11.62 and a beta of 1.07. The firm has a fifty day simple moving average of $88.92 and a 200 day simple moving average of $81.61.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded CVR Partners from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 30th.

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.