CVR Energy, Inc. has declared a special dividend of $5.50 per share payable on February 19, 2013, to shareholders of record at the close of business on February 5, 2013. The total amount of the special dividend payment will be approximately $480 million based on the current number of shares outstanding, leaving CVR Energy with abundant liquidity.

The company announced that its Board of Directors has adopted a quarterly cash dividend policy. Subject to declaration by its Board of Directors, the company's initial quarterly dividend is expected to be $0.75 per share, or $3.00 per share on an annualized basis, which the company plans to begin paying in the second quarter of 2013.