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CVR Energy Inc Declares $5.50 Special Dividend And Announces Adoption Of Quarterly Dividend Policy

Thursday, 24 Jan 2013 08:01am EST 

CVR Energy Inc announced that the Board of Directors has adopted a quarterly cash dividend policy. CVR Energy's initial quarterly dividend is expected to be $0.75 per share, or $3.00 per share on an annualized basis, which the Company plans to begin paying in the second quarter of 2013. In addition, utilizing a portion of the Company's cash-on-hand of approximately $725 million, the Board of Directors of CVR Energy has declared a special dividend of $5.50 per share payable on February 19, 2013, to shareholders of record at the close of business on February 5, 2013. 

Company Quote

1.39 +3.57%
19 Dec 2014