CVR Energy Inc. (CVI) Plans $0.50 Quarterly Dividend
CVR Energy Inc. (NYSE:CVI) declared a quarterly dividend on Tuesday, October 31st, NASDAQ reports. Investors of record on Friday, November 10th will be given a dividend of 0.50 per share by the oil and gas company on Friday, November 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Thursday, November 9th.
CVR Energy has decreased its dividend payment by an average of 3.9% annually over the last three years.
CVR Energy (NYSE CVI) traded up $0.27 during trading on Friday, reaching $30.35. The company had a trading volume of 448,448 shares, compared to its average volume of 466,061. The firm has a market cap of $2.64 billion, a P/E ratio of 46.81 and a beta of 1.70. The company has a quick ratio of 1.70, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.
CVR Energy (NYSE:CVI) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. The company had revenue of $1.45 billion for the quarter. CVR Energy had a net margin of 0.71% and a return on equity of 3.34%.
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A number of research firms recently issued reports on CVI. ValuEngine downgraded shares of CVR Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 5th. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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