Icahn Enterprises L.P. (NASDAQ:IEP – Get Free Report) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, August 17th will be given a dividend of 0.50 per share by the conglomerate on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 27.0%. The ex-dividend date is Monday, August 17th.
Icahn Enterprises has decreased its dividend by an average of 0.2%annually over the last three years. Icahn Enterprises has a dividend payout ratio of 253.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Icahn Enterprises Stock Performance
Shares of IEP stock opened at $7.42 on Friday. The company has a market cap of $5.27 billion, a P/E ratio of -10.03 and a beta of 0.79. The firm has a fifty day moving average price of $7.45 and a 200 day moving average price of $7.69. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 2.98. Icahn Enterprises has a 12 month low of $7.08 and a 12 month high of $9.52.
About Icahn Enterprises
Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company based in New York City. Controlled by veteran investor Carl C. Icahn, the partnership makes strategic investments and owns wholly or partially controlled subsidiaries across a broad range of industries. With a flexible capital structure, Icahn Enterprises seeks to generate long-term value through active ownership, asset optimization and operational improvements.
The company reports its activities through five principal business segments.
Recommended Stories
- Five stocks we like better than Icahn Enterprises
- AirJoule Technologies: Short Squeeze Setup Amid Rising Risks
- MarketBeat Week in Review – 08/10 – 08/14
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
Receive News & Ratings for Icahn Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
