Icahn Enterprises L.P. (NASDAQ:IEP) Plans $1.00 Quarterly Dividend

Icahn Enterprises L.P. (NASDAQ:IEPGet Free Report) declared a quarterly dividend on Monday, May 6th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 1.00 per share by the conglomerate on Tuesday, June 25th. This represents a $4.00 annualized dividend and a yield of 21.65%. The ex-dividend date is Friday, May 17th.

Icahn Enterprises has decreased its dividend payment by an average of 9.1% per year over the last three years.

Icahn Enterprises Stock Performance

Shares of NASDAQ:IEP traded down $0.11 on Wednesday, hitting $18.48. 653,127 shares of the company were exchanged, compared to its average volume of 684,548. Icahn Enterprises has a 1-year low of $15.00 and a 1-year high of $36.00. The stock’s 50 day moving average price is $17.42 and its 200 day moving average price is $17.78. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $8.34 billion, a P/E ratio of -16.11 and a beta of 0.81.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The conglomerate reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.54). Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.73 billion. Sell-side analysts predict that Icahn Enterprises will post 0.93 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

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About Icahn Enterprises

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Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.

See Also

Dividend History for Icahn Enterprises (NASDAQ:IEP)

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