CVR Energy Shares Drop 25% After Suspending 3Q Dividend

By MarketWatch | Oct 28, 2024 at 05:31 PM EST

CVR Energy's stock fell below 52-week lows in after-hours trading after the company suspended its third-quarter dividend. CEO Dave Lamp cited concerns about the margin environment and planned refinery turnaround. Third-quarter loss per share was $1.24.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.