CVR Energy Inc. Plans Quarterly Dividend of $0.50 (CVI)
CVR Energy Inc. (NYSE:CVI) declared a quarterly dividend on Tuesday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 10th will be paid a dividend of 0.50 per share by the oil and gas company on Friday, November 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Thursday, November 9th.
CVR Energy has decreased its dividend payment by an average of 3.9% per year over the last three years.
Shares of CVR Energy (CVI) traded up $0.27 during mid-day trading on Friday, hitting $30.35. The stock had a trading volume of 448,448 shares, compared to its average volume of 466,061. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 46.81 and a beta of 1.70. The company has a quick ratio of 1.70, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.
CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. CVR Energy had a return on equity of 3.34% and a net margin of 0.71%. The company had revenue of $1.45 billion during the quarter.
CVI has been the subject of a number of research analyst reports. ValuEngine raised CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. BidaskClub cut CVR Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
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About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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