CVR Partners Plans Quarterly Dividend of $0.19 (UAN)
CVR Partners (NYSE:UAN) declared a quarterly dividend on Thursday, January 24th. Shareholders of record on Thursday, February 7th will be given a dividend of $0.19 per share on Thursday, February 14th. This represents a $0.77 dividend on an annualized basis and a yield of 2.61%.
A number of research firms have also recently commented on UAN. Analysts at Barclays Capital cut their price target on shares of CVR Partners from $29.00 to $28.00 in a research note to investors on Thursday, January 10th. They now have an “equal weight” rating on the stock. Analysts at Zacks upgraded shares of CVR Partners from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 8th. They now have a $29.30 price target on the stock.
Shares of CVR Partners (UAN) traded up 0.58% during mid-day trading on Thursday, hitting $29.44. CVR Partners (UAN) has a one year low of $19.21 and a one year high of $31.00. The stock’s 50-day moving average is currently $26.32. The company has a market cap of $2.150 billion and a P/E ratio of 15.57.
CVR Partners last issued its quarterly earnings data on Monday, November 5th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $75.00 million for the quarter, compared to the consensus estimate of $74.52 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that CVR Partners (UAN) will post $1.50 EPS for the current fiscal year.
CVR Partners, LP (CVR Partners), is a Delaware limited partnership formed by CVR Energy, Inc. (CVR Energy) to own and operate a nitrogen fertilizer business.
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