Icahn Enterprises L.P. (IEP) to Issue Quarterly Dividend of $0.50 on April 15th

Icahn Enterprises L.P. (NASDAQ:IEP) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 9th will be given a dividend of 0.50 per share by the conglomerate on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 24.7%. The ex-dividend date of this dividend is Monday, March 9th.

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. Equities 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 NASDAQ IEP opened at $8.11 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of -13.52 and a beta of 0.81. Icahn Enterprises has a one year low of $7.08 and a one year high of $10.05. The company’s fifty day moving average is $7.89 and its two-hundred day moving average is $8.07. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.17 and a current ratio of 4.17.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.17). The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.46 billion. Icahn Enterprises had a negative return on equity of 8.22% and a negative net margin of 2.98%. Analysts forecast that Icahn Enterprises will post -0.55 EPS for the current fiscal year.

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.