Icahn Enterprises L.P. (IEP) To Go Ex-Dividend on August 17th

Icahn Enterprises L.P. (NASDAQ:IEPGet 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.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The conglomerate reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.63). The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.04 billion. Icahn Enterprises had a negative net margin of 4.81% and a negative return on equity of 17.99%.

About Icahn Enterprises

(Get Free Report)

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.

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Dividend History for Icahn Enterprises (NASDAQ:IEP)

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