CVR Energy, Inc. CVI, a refiner and marketer of petroleum fuels and a majority owner of CVR Partners, LP 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.
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