Icahn Enterprises L.P. (IEP) To Go Ex-Dividend on May 18th

Icahn Enterprises L.P. (NASDAQ:IEP) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, May 18th will be given a dividend of 0.50 per share by the conglomerate on Thursday, June 25th. This represents a c) annualized dividend and a yield of 24.4%. The ex-dividend date of this dividend is Monday, May 18th.

Icahn Enterprises has decreased its dividend 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 Stock Performance

NASDAQ IEP opened at $8.19 on Friday. The company has a current ratio of 2.67, a quick ratio of 4.17 and a debt-to-equity ratio of 2.72. The business’s 50 day moving average is $7.83 and its two-hundred day moving average is $7.91. Icahn Enterprises has a 12-month low of $7.08 and a 12-month high of $9.85. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -15.75 and a beta of 0.83.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Wednesday, May 6th. The conglomerate reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.81). Icahn Enterprises had a negative return on equity of 10.27% and a negative net margin of 3.24%.The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.33 billion.

Analyst Ratings Changes

Several brokerages have recently commented on IEP. Weiss Ratings reissued a “sell (d-)” rating on shares of Icahn Enterprises in a research note on Friday, April 10th. Wall Street Zen lowered Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Icahn Enterprises Company Profile

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.