Icahn Enterprises LP (NASDAQ:IEP) announced a quarterly dividend on Tuesday, February 27th, Zacks reports. Stockholders of record on Monday, March 12th will be paid a dividend of 1.75 per share by the conglomerate on Monday, April 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 12.29%. The ex-dividend date of this dividend is Friday, March 9th. This is a boost from Icahn Enterprises’s previous quarterly dividend of $1.50.

Shares of Icahn Enterprises (NASDAQ IEP) opened at $56.97 on Friday. Icahn Enterprises has a 12 month low of $47.06 and a 12 month high of $59.88. The stock has a market cap of $9,888.68, a price-to-earnings ratio of 3.86 and a beta of 1.54. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.00.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings data on Thursday, March 1st. The conglomerate reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $1.16. Icahn Enterprises had a net margin of 10.98% and a return on equity of 23.81%. The company had revenue of $4.73 billion during the quarter.

Several brokerages have weighed in on IEP. UBS Group increased their price target on shares of Icahn Enterprises from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Wednesday, November 8th. BidaskClub raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, ValuEngine cut shares of Icahn Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.50.

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Icahn Enterprises Company Profile

Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.

Dividend History for Icahn Enterprises (NASDAQ:IEP)

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