CVR Energy Inc. (NYSE:CVI) announced a quarterly dividend on Tuesday, October 31st, NASDAQ reports. Shareholders of record on Friday, November 10th will be paid a dividend of 0.50 per share by the oil and gas company on Friday, November 17th. This represents a $2.00 annualized dividend and a yield of 6.59%. The ex-dividend date is Thursday, November 9th.
CVR Energy has decreased its dividend by an average of 3.9% annually over the last three years.
Shares of CVR Energy (NYSE:CVI) traded up $0.27 during mid-day trading on Friday, reaching $30.35. 448,448 shares of the company’s stock traded hands, compared to its average volume of 466,061. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.70. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 46.81 and a beta of 1.70.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. CVR Energy had a net margin of 0.71% and a return on equity of 3.34%. The company had revenue of $1.45 billion during the quarter.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine lowered shares of CVR Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th.
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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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