CVR Partners LP (NYSE:UAN) announced a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Stockholders of record on Monday, August 5th will be given a dividend of 0.14 per share by the basic materials company on Monday, August 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date of this dividend is Friday, August 2nd. This is an increase from CVR Partners’s previous quarterly dividend of $0.07.
CVR Partners has a payout ratio of -109.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
CVR Partners stock opened at $3.99 on Wednesday. CVR Partners has a 1-year low of $3.10 and a 1-year high of $4.35. The business’s 50-day moving average price is $3.69. The company has a quick ratio of 1.75, a current ratio of 2.74 and a debt-to-equity ratio of 1.28.
Separately, TheStreet upgraded shares of Worthington Industries from a “c+” rating to a “b-” rating in a report on Thursday, July 25th.
CVR Partners Company Profile
CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company.
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