CVR Partners, LP (NYSE:UAN) Announces $2.26 Dividend

CVR Partners, LP (NYSE:UAN - Get Free Report) announced a dividend on Tuesday, May 6th, investing.com reports. Stockholders of record on Tuesday, May 13th will be paid a dividend of 2.26 per share by the basic materials company on Monday, May 19th. This represents a dividend yield of 11.3%. The ex-dividend date of this dividend is Monday, May 12th.

CVR Partners has increased its dividend payment by an average of 12.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

CVR Partners Price Performance

Shares of CVR Partners stock traded up $0.39 during midday trading on Friday, hitting $82.93. 81,715 shares of the company traded hands, compared to its average volume of 31,797. CVR Partners has a 12 month low of $62.94 and a 12 month high of $88.94. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.40 and a beta of 1.07. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The firm's fifty day moving average price is $75.28 and its 200-day moving average price is $75.87.

CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter. The business had revenue of $142.87 million during the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 3,746 shares of CVR Partners stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $74.97 per share, for a total transaction of $280,837.62. Following the purchase, the insider now directly owns 177,938 shares in the company, valued at approximately $13,340,011.86. This represents a 2.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders acquired 51,742 shares of company stock worth $3,739,884.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CVR Partners from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 30th.

About CVR Partners

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.