Three downstream, petroleum refinery limited partnerships have gone public over the last year. All three have to day paid very large dividends in relation to their share prices. A member of this small fraternity, CVR Refining (CVRR) is well positioned to continue paying distributions that represent a 20% yield at the current share price.
Note: MLP companies such as CVR Partners LP have units and pay distributions. The words stock, shares and dividends may be used here with the understanding that the rules of MLP units apply including the tax consequences of investing in MLP units.
CVR Refining went public with a January 2013 IPO. The company was formed by CVR Energy (CVI)...