CVR Partners, LP (UAN) to Issue Quarterly Dividend of $1.75 on March 10th

CVR Partners, LP (NYSE:UAN) announced a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 1.75 per share by the basic materials company on Monday, March 10th. This represents a $7.00 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Monday, March 3rd. This is an increase from CVR Partners’s previous quarterly dividend of $1.19.

CVR Partners has raised its dividend by an average of 12.9% per year over the last three years.

CVR Partners Stock Performance

Shares of UAN stock opened at $80.16 on Thursday. The business has a fifty day moving average of $78.42 and a 200 day moving average of $73.49. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners has a 1 year low of $61.62 and a 1 year high of $88.94.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. CVR Partners had a return on equity of 20.56% and a net margin of 11.59%. The company had revenue of $139.56 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CVR Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 13th.

Insider Activity at CVR Partners

In related news, major shareholder Carl C. Icahn purchased 2,851 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $74.84 per share, with a total value of $213,368.84. Following the purchase, the insider now owns 144,695 shares of the company’s stock, valued at $10,828,973.80. This represents a 2.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 23,855 shares of company stock valued at $1,777,923.

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.