CVR Energy (CVI) Lowers Quarterly Dividend 50% to $0.40; 7.8% Yield

CVR Energy (NYSE: CVI) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 50% decrease from the prior dividend of $0.80.

The dividend will be payable on May 26, 2020, to stockholders of record on May 18, 2020, with an ex-dividend date of May 15, 2020.

The annual yield on the dividend is 7.8 percent.

“CVR Energy’s Board of Directors has reduced our first quarter dividend to 40 cents per share to preserve cash as we believe there are better shareholder return opportunities in the current market environment, including the potential for industry consolidation,” Lamp said.

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

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