10 Best Stocks to Buy for Retirement

3. CVR Energy, Inc. (NYSE:CVI)

Dividend Yield as of February 9: 4.97%
3-Year Average Annual Dividend Growth Rate: 59.1%
Dividend Payout Ratio: 23.8%

CVR Energy, Inc. (NYSE:CVI) specializes in petroleum refining and also manufactures nitrogen fertilizers. The company pays a quarterly dividend of $0.40 per share and has a dividend yield of 4.97%, as of February 9. In October, it also paid a special dividend of $1.00 per share. In the past three years, the company raised its dividend at an annual average rate of 59.1%. The company has a payout ratio of 23.8%.

At the end of September 2022, 21 hedge funds in Insider Monkey’s database owned stakes in CVR Energy, Inc. (NYSE:CVI), compared with 22 in the previous quarter. The collective value of these stakes is over $2.15 billion. With over 71 million shares, Icahn Capital LP was the company’s leading stakeholder in Q3.