CVR Partners, LP (NYSE:UAN) Raises Dividend to $1.75 Per Share

CVR Partners, LP (NYSE:UAN) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given 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 8.99%. The ex-dividend date is Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19.

CVR Partners has increased its dividend payment by an average of 12.9% annually over the last three years.

CVR Partners Stock Performance

UAN stock opened at $77.89 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of 13.52 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average of $78.96 and a 200-day moving average of $73.72. CVR Partners has a 12-month low of $61.62 and a 12-month high of $88.94.

CVR Partners (NYSE:UAN) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The company had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

Insider Activity at CVR Partners

In other news, major shareholder Carl C. Icahn acquired 2,518 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the completion of the purchase, the insider now owns 147,213 shares in the company, valued at approximately $11,036,558.61. This trade represents a 1.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 23,855 shares of company stock worth $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.