CVR Energy (CVI) Raises Quarterly Dividend 50% to $0.75; 1.7% Yield

CVR Energy (NYSE: CVI) declared a quarterly dividend of $0.75 per share. This is a 50% increase from the prior dividend of $0.50.

The dividend will be payable on August 13, 2018, to stockholders of record on August 6, 2018, with an ex-dividend date of August 14, 2018.

The annual yield on the dividend is 1.7 percent.

“Increasing CVR Energy’s quarterly dividend to 75 cents a quarter, or $3.00 annually, reflects the strength of our balance sheet and the exceptional operating performance of our business segments,” said Dave Lamp, chief executive officer. “CVR Refining’s strategically located assets, coupled with flexible refining configurations and reliable operations, are well positioned to capture constructive refining market conditions, including regional crude spreads and diesel cracks. Going forward, CVR Energy will remain committed to providing outstanding value to its stockholders.”

For a dividend history and other dividend-related data on CVR Energy (CVI) click here.

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• LyondellBasell Industries (LYB) Declares $0.69 Quarterly Dividend; 4.4% Yield
• Autoliv (ALV) Declares $0.87 Quarterly Dividend; 2.9% Yield