CVR Partners, LP (NYSE:UAN) Plans Quarterly Dividend of $1.92

CVR Partners, LP (NYSE:UAN) declared a quarterly dividend on Monday, April 29th, NASDAQ reports. Stockholders of record on Monday, May 13th will be given 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 Price Performance

Shares of NYSE:UAN traded down $1.65 during midday trading on Tuesday, hitting $80.60. The company had a trading volume of 65,868 shares, compared to its average volume of 40,737. CVR Partners has a twelve month low of $60.50 and a twelve month high of $104.86. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.20 and a quick ratio of 1.28. The stock has a market cap of $865.34 million, a price-to-earnings ratio of 4.94 and a beta of 1.29. The business’s 50-day simple moving average is $73.51 and its 200-day simple moving average is $72.61.

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

Analysts Set New Price Targets

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

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.