CVR Energy Rises to All-Time High on Dividend Plan: Dallas Mover
This article is for subscribers only.
CVR Energy Inc., the oil refiner and fertilizer maker that was taken over by billionaire investor Carl Icahn last year, rose to an all-time high after announcing a new quarterly dividend policy and a special dividend of $5.50-a-share.
CVR climbed 5.3 percent to $54.11 in New York, the highest closing price since the company was taken public by Goldman Sachs Group Inc. in 2007.