CVR Partners, LP (NYSE:UAN) Shareholders Set to Receive $1.79 Quarterly Dividend

CVR Partners, LP (NYSE:UAN) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 16th will be given 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 yield of 6.0%. The ex-dividend date is Monday, November 16th. This is a 70.6% decrease from CVR Partners’s previous quarterly dividend of $6.08.

CVR Partners Stock Performance

UAN traded down $6.39 on Tuesday, reaching $118.37. The stock had a trading volume of 74,911 shares, compared to its average volume of 54,221. CVR Partners has a 12-month low of $93.43 and a 12-month high of $139.50. The company has a current ratio of 3.01, a quick ratio of 2.11 and a debt-to-equity ratio of 1.64. The business’s 50-day moving average price is $127.94 and its two-hundred day moving average price is $121.59. The company has a market cap of $1.25 billion, a P/E ratio of 7.81 and a beta of 0.21.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($2.64). CVR Partners had a return on equity of 51.56% and a net margin of 23.67%. The firm had revenue of $146.15 million during the quarter, compared to analyst estimates of $165.40 million.

Wall Street Analyst Weigh In

Several analysts have commented on UAN shares. Weiss Ratings reissued a “buy (b)” rating on shares of CVR Partners in a report on Tuesday, August 11th. Freedom Broker started coverage on CVR Partners in a research note on Tuesday, October 27th. They set a “hold” rating and a $124.00 target price for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

About CVR Partners

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.