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

Icahn Enterprises L.P. (NASDAQ:IEP) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Monday, November 17th will be given a dividend of 0.50 per share by the conglomerate on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 22.9%. The ex-dividend date is Monday, November 17th.

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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Icahn Enterprises to earn $0.80 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 250.0%.

Icahn Enterprises Price Performance

Shares of IEP opened at $8.75 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 3.40 and a current ratio of 3.40. The company has a 50 day moving average price of $8.34 and a 200-day moving average price of $8.61. Icahn Enterprises has a fifty-two week low of $7.27 and a fifty-two week high of $12.71. The stock has a market capitalization of $5.25 billion, a PE ratio of -7.11 and a beta of 0.80.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings data on Wednesday, November 5th. The conglomerate reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.35. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. Icahn Enterprises had a negative net margin of 6.78% and a negative return on equity of 15.65%. Equities analysts predict that Icahn Enterprises will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Company Profile

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.