Icahn Enterprises L.P. (NASDAQ:IEP) Plans $0.50 Quarterly Dividend

Icahn Enterprises L.P. (NASDAQ:IEPGet Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders 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 yield of 26.8%. The ex-dividend date is Monday, August 17th.

Icahn Enterprises has decreased its dividend payment by an average of 0.2%per year 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 Price Performance

Icahn Enterprises stock traded down $0.27 during trading hours on Wednesday, hitting $7.46. The stock had a trading volume of 2,529,020 shares, compared to its average volume of 906,217. Icahn Enterprises has a 1-year low of $7.08 and a 1-year high of $9.52. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of -14.35 and a beta of 0.79. The stock’s fifty day moving average is $7.45 and its two-hundred day moving average is $7.71. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.67 and a quick ratio of 2.67.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The conglomerate reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.63). Icahn Enterprises had a negative return on equity of 10.27% and a negative net margin of 3.24%.The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.04 billion.

Icahn Enterprises Company Profile

(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.

See Also

Dividend History for Icahn Enterprises (NASDAQ:IEP)

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.