CVR Partners, LP (NYSE:UAN) Raises Dividend to $1.92 Per Share

CVR Partners, LP (NYSE:UAN) announced a quarterly dividend on Monday, April 29th, NASDAQ reports. Shareholders of record on Monday, May 13th will be given a dividend of 1.92 per share by the basic materials company on Monday, May 20th. This represents a $7.68 dividend on an annualized basis and a yield of 9.39%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from CVR Partners’s previous quarterly dividend of $1.68.

CVR Partners Trading Up 0.5 %

NYSE:UAN opened at $81.77 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.38 and a current ratio of 2.29. CVR Partners has a 1 year low of $60.50 and a 1 year high of $104.85. The stock has a market cap of $864.31 million, a P/E ratio of 10.40 and a beta of 1.30. The stock has a 50-day simple moving average of $75.07 and a 200-day simple moving average of $72.59.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter. The firm had revenue of $141.62 million during the quarter. CVR Partners had a return on equity of 26.35% and a net margin of 14.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CVR Partners from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

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.