CVR Energy (CVI) Declares $0.50 Quarterly Dividend; 9.3% Yield

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Go back to CVR Energy (CVI) Declares $0.50 Quarterly Dividend; 9.3% Yield

CVR Energy Reports 2016 Fourth Quarter and Full Year Results And Announces Cash Dividend of 50 Cents

February 16, 2017 8:30 AM EST

SUGAR LAND, Texas, Feb. 16, 2017 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI) today announced full year 2016 net income of $24.7 million, or 28 cents per diluted share, on net sales of $4,782.4 million, compared to net income for full year 2015 of $169.6 million, or $1.95 per diluted share, on net sales of $5,432.5 million. Full year 2016 adjusted EBITDA, a non-GAAP financial measure, was $181.6 million compared to full year 2015 adjusted EBITDA of $498.8 million.

For the fourth quarter of 2016, the company reported net income of $7.1... More