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CVR Partners, LP Message Board

  • tossman1 tossman1 Jul 28, 2011 11:13 AM Flag

    NEWS

    In a news release, the company reaffirms a distribution payout of $1.92 for a year. So who cares how the distribution is made per quarter. If you’re a long, then it shouldn’t matter. I for one would like to see a consistent payout per quarter, which seems to be the case, for the first year of operations anyway. That way, we all know what to expect each quarter.

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    • tossman

      just fyi

      Back when the ipo was offered, the co, explicitly said divs were going to be seasonal based upon revs....suggest you go back on either this mb to apr/may for relative posts or read their intial offering....Based upon this statement, the analysis mlpinvestor and I did showed a similiar payout pctg to that of others, and this 2nd qtr announcement fell short of this in a range of .07-.12 cents...

      • 1 Reply to grothred
      • gro: I’m very familiar with the statements made on the website and mlp’s and your analysis of the possible staggered quarterly distribution, but based on the pro-rated figure of .407 for the 2nd quarter, and given that said quarter is usually the highest in terms of distribution, it would make sense to me that the dividends may therefore be static for the next 3 quarters to get to that $1.92 number. Why would they increase the distribution each quarter from this point forward when revenues and earnings are traditionally less in the subsequent quarters? Seems to me that if they intended to do staggered distributions, this would be the quarter to distribute the largest amount. Would you not agree? Maybe I’m totally wrong about this. But again, my scenario makes more sense to me at this point. Time will of course tell.

    • I agree wholeheartedly. Why not do it quarterly?

 
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