CVR Partners, LP (NYSE:UAN) Shareholders to Receive $1.79 Quarterly Dividend

Key Points

• CVR Partners declared a $1.79 quarterly dividend, payable November 23 to shareholders of record November 16; that equates to $7.16 annualized and a 6.0% yield.
• The new payout is 70.6% lower than the prior quarterly dividend of $6.08.
• Shares fell 5.1% in mid-day trading, while quarterly results missed expectations: the company reported a $1.02 loss per share and $146.15 million in revenue, below analyst estimates.

CVR Partners, LP (NYSE:UAN - Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 16th will be paid a dividend of $1.79 per share by the basic materials company on Monday, November 23rd. This represents a $7.16 annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, November 16th. This is a 70.6% decrease from CVR Partners's previous quarterly dividend of $6.08.

CVR Partners Stock Down 5.1%

Shares of UAN stock traded down $6.39 during mid-day trading on Tuesday, hitting $118.37. 74,911 shares of the stock traded hands, compared to its average volume of 54,221. The stock has a market cap of $1.25 billion, a P/E ratio of 7.81 and a beta of 0.21. The stock's fifty day moving average is $127.94 and its two-hundred day moving average is $121.59. CVR Partners has a 52-week low of $93.43 and a 52-week high of $139.50. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.01 and a quick ratio of 2.11.

CVR Partners (NYSE:UAN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of $1.62 by ($2.64). The business had revenue of $146.15 million during the quarter, compared to analyst estimates of $165.40 million. CVR Partners had a return on equity of 51.56% and a net margin of 23.67%.

CVR Partners Company Profile

CVR Partners, LP NYSE: UAN is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.

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