CVR Energy To Begin Regular Quarterly Cash Dividend Of $0.08 Per Share
CVR Energy, Inc. (NYSE: CVI), a refiner and marketer of petroleum fuels and a majority owner of CVR Partners, LP (NYSE: UAN), a nitrogen fertilizer producer, announced today that its Board of Directors has approved a regular quarterly cash dividend of $0.08 per common share, the first of which will be paid following the end of the company's first quarter on a date to be set by the Board.
The Board reached its decision to initiate a regular quarterly dividend after an extensive review of the company's financial performance and confidence in its future prospects and believes it is consistent with its continuing commitment to deliver long-term value for shareholders.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.