CVR Energy Says It Will Not Pay Cash Dividend For Q3 Of 2024
Portfolio Pulse from Benzinga Newsdesk
CVR Energy has announced it will not pay a cash dividend for Q3 2024 due to concerns about the current margin environment and a planned turnaround at its Coffeyville refinery in early 2025.
October 28, 2024 | 9:56 pm
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CVR Energy will not pay a cash dividend for Q3 2024, citing concerns over the margin environment and a planned refinery turnaround.
The suspension of the dividend is a negative signal for investors, indicating potential financial caution due to uncertain margins and upcoming operational changes. This could lead to a short-term decrease in stock price as dividends are a key factor for many investors.
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