Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

CVR Partners: Unplanned Plant Shutdown Lowers Production

There are outsized risks when your only producing asset suffers an unexpected shutdown. This risk is magnified when this unexpected shutdown causes damage to a key piece of equipment. This is basically what happened to CVR Partners (NYSE:UAN) and was likely the cause of its post secondary Q2 2013 weakness. CVR Partners' last declared quarterly distribution was for $0.583 per unit, which at current prices equates to about an 8.40% yield.

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Overview

For those not familiar with CVR Partners, a brief overview is warranted. You can also read my May 2013 article on the stock, which provides a more detailed look. CVR Partners manufactures and produces ammonia and urea ammonium nitrate, also known as UAN....

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