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

CVR Partners, LP (NYSE:UAN) declared a quarterly dividend on Wednesday, February 19th,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 a positive change 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 Trading Up 1.6 %

Shares of UAN stock traded up $1.23 during trading hours on Wednesday, hitting $80.16. The company had a trading volume of 47,085 shares, compared to its average volume of 32,391. The company’s fifty day moving average is $78.34 and its 200 day moving average is $73.44. 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 fifty-two week low of $61.62 and a fifty-two week high of $88.94. The stock has a market capitalization of $1.37 billion, a PE ratio of 16.13 and a beta of 1.35.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn acquired 2,840 shares of CVR Partners stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of $74.74 per share, for a total transaction of $212,261.60. Following the acquisition, the insider now owns 174,192 shares of the company’s stock, valued at $13,019,110.08. This trade represents a 1.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 23,855 shares of company stock worth $1,777,923 in the last ninety days.

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.