CVR Partners, LP (NYSE:UAN) Plans Dividend Increase – $1.92 Per Share

CVR Partners, LP (NYSE:UAN) declared a quarterly dividend on Monday, April 29th, NASDAQ reports. Stockholders of record on Monday, May 13th will be paid a dividend of 1.92 per share by the basic materials company on Monday, May 20th. This represents a $7.68 annualized dividend and a dividend yield of 9.53%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from CVR Partners’s previous quarterly dividend of $1.68.

CVR Partners Stock Down 2.0 %

Shares of NYSE:UAN traded down $1.65 on Tuesday, hitting $80.60. 65,868 shares of the company traded hands, compared to its average volume of 40,737. CVR Partners has a 52 week low of $60.50 and a 52 week high of $104.86. The company has a quick ratio of 1.28, a current ratio of 2.20 and a debt-to-equity ratio of 1.81. The stock has a 50 day simple moving average of $73.51 and a 200-day simple moving average of $72.61. The company has a market cap of $865.34 million, a PE ratio of 4.94 and a beta of 1.29.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.94 earnings per share for the quarter. CVR Partners had a return on equity of 50.45% and a net margin of 25.30%. The firm had revenue of $141.62 million during the quarter.

Analysts Set New Price Targets

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

About CVR Partners

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.