CVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.
CVR Energy Dividend Announcement
• CVR Energy announced a quarterly dividend of $0.50 per ordinary share which will be made payable on 2024-08-19. Ex dividend date: 2024-08-12
• CVR Energy annual dividend for 2024 was $1.50
• CVR Energy annual dividend for 2023 was $4.50
• CVR Energy's trailing twelve-month (TTM) dividend yield is 10.58%
• CVR Energy's payout ratio for the trailing twelve months (TTM) is 504.29%
• CVR Energy's dividend growth over the last five years (2018-2023) was 12.47% year
• CVR Energy's dividend growth over the last ten years (2013-2023) was -10.89% year
CVR Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-12 | $0.50 | quarterly | 2024-08-19 |
2024-05-10 | $0.50 | quarterly | 2024-05-20 |
2024-03-01 | $0.50 | quarterly | 2024-03-11 |
2023-11-10 | $2.00 | quarterly | 2023-11-20 |
2023-08-11 | $1.50 | quarterly | 2023-08-21 |
2023-05-12 | $0.50 | quarterly | 2023-05-22 |
2023-03-03 | $0.50 | quarterly | 2023-03-13 |
2022-11-10 | $1.40 | quarterly | 2022-11-21 |
2022-08-11 | $3.00 | quarterly | 2022-08-22 |
2022-05-12 | $0.40 | quarterly | 2022-05-23 |
2021-06-11 | $2.40 | quarterly | |
2020-05-15 | $0.40 | quarterly | 2020-05-26 |
2020-02-28 | $0.80 | quarterly | 2020-03-09 |
2019-11-01 | $0.80 | quarterly | 2019-11-12 |
2019-08-02 | $0.75 | quarterly | 2019-08-12 |
2019-05-03 | $0.75 | quarterly | 2019-05-13 |
2019-03-01 | $0.75 | quarterly | 2019-03-11 |
2018-11-02 | $0.75 | quarterly | 2018-11-12 |
2018-08-03 | $0.75 | quarterly | 2018-08-13 |
2018-05-04 | $0.50 | quarterly | 2018-05-14 |
2018-03-02 | $0.50 | quarterly | 2018-03-12 |
2017-11-09 | $0.50 | quarterly | 2017-11-17 |
2017-08-03 | $0.50 | quarterly | 2017-08-14 |
2017-05-04 | $0.50 | quarterly | 2017-05-15 |
2017-02-23 | $0.50 | quarterly | 2017-03-06 |
2016-11-03 | $0.50 | quarterly | 2016-11-14 |
2016-08-04 | $0.50 | quarterly | 2016-08-15 |
2016-05-05 | $0.50 | quarterly | 2016-05-16 |
2016-02-25 | $0.50 | quarterly | 2016-03-07 |
2015-11-05 | $0.50 | quarterly | 2015-11-16 |
2015-08-06 | $0.50 | quarterly | 2015-08-17 |
2015-05-07 | $0.50 | quarterly | 2015-05-18 |
2015-02-26 | $0.50 | quarterly | 2015-03-09 |
2014-11-06 | $0.75 | quarterly | 2014-11-17 |
2014-08-07 | $0.75 | quarterly | 2014-08-18 |
2014-07-24 | $2.00 | quarterly | 2014-08-04 |
2014-05-08 | $0.75 | quarterly | 2014-05-19 |
2014-02-27 | $0.75 | quarterly | 2014-03-10 |
2013-11-06 | $0.75 | quarterly | 2013-11-18 |
2013-08-08 | $0.75 | quarterly | 2013-08-19 |
2013-05-30 | $6.50 | quarterly | 2013-06-10 |
2013-05-08 | $0.75 | quarterly | 2013-05-17 |
2013-02-01 | $5.50 | quarterly | 2013-02-19 |
CVR Energy Dividend per year
CVR Energy Dividend growth
CVR Energy Dividend Yield
CVR Energy current trailing twelve-month (TTM) dividend yield is 10.58%. Interested in purchasing CVR Energy stock? Use our calculator to estimate your expected dividend yield:
CVR Energy Financial Ratios
CVR Energy Dividend FAQ
Other factors to consider when evaluating CVR Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: CVR Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, CVR Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, CVR Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from CVR Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: CVR Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, CVR Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CVR Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of CVR Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review CVR Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.