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

CVR Partners, LP (NYSE:UAN) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date is Monday, March 3rd. This is a boost 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 Up 1.6 %

Shares of NYSE UAN traded up $1.23 during mid-day trading on Wednesday, reaching $80.16. The company had a trading volume of 47,085 shares, compared to its average volume of 32,391. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The firm has a 50 day simple moving average of $78.34 and a two-hundred day simple moving average of $73.44. The stock has a market cap of $1.37 billion, a P/E ratio of 16.13 and a beta of 1.35. CVR Partners has a 52-week low of $61.62 and a 52-week high of $88.94.

CVR Partners (NYSE:UAN) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The firm had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 9.97% and a return on equity of 17.65%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 2,518 shares of CVR Partners stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the purchase, the insider now owns 147,213 shares of the company’s stock, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have acquired 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.