CVR Partners, LP (UAN) to Issue Quarterly Dividend of $1.79 on November 23rd

CVR Partners, LP (NYSE:UAN) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 16th will be paid a dividend of $1.79 per share by the basic materials company on Monday, November 23rd. This represents a $7.16 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a 70.6% decrease from CVR Partners’s previous quarterly dividend of $6.08.

CVR Partners Price Performance

UAN opened at $112.48 on Thursday. The stock has a market capitalization of $1.19 billion, a PE ratio of 11.18 and a beta of 0.21. CVR Partners has a 1 year low of $93.43 and a 1 year high of $139.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01. The company’s 50 day simple moving average is $127.53 and its 200 day simple moving average is $121.58.

CVR Partners (NYSE:UAN) last issued its earnings results on Tuesday, November 3rd. The basic materials company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($2.64). CVR Partners had a return on equity of 34.53% and a net margin of 16.14%. The firm had revenue of $146.15 million for the quarter, compared to analysts’ expectations of $165.40 million.

Wall Street Analyst Weigh In

UAN has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of CVR Partners in a research report on Tuesday, August 11th. Freedom Broker assumed coverage on shares of CVR Partners in a research report on Tuesday, October 27th. They issued a “hold” rating and a $124.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

CVR Partners Company Profile

CVR Partners, LP (NYSE: UAN) is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.