Profile
Sector:
EnergyIndustry:
Oil & Gas Refining & MarketingCountry:
United StatesIPO:
23 July 1987Website:
http://www.ielp.comNext earnings report:
02 August 2024Last dividends:
17 May 2024Next dividends:
N/APrice
after hours | 61 min agoAnalysts recommendations
Institutional Ownership
IEP Latest News
If you want your portfolio to pay you cash like clockwork, it's time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
Icahn Enterprises stock is legendary for its 24% yield. Unfortunately, its dividend has been declining over time, and is on the verge of being cut again. The problem is that the company has been paying such a vast percentage of earnings out as dividends that its cash position has dwindled.
Icahn Enterprises is the investment vehicle of Carl Icahn. The stock has a huge dividend yield.
SUNNY ISLES BEACH, Fla. , May 28, 2024 /PRNewswire/ -- Icahn Enterprises L.P.
Icahn Enterprises stock has struggled since the start of 2023, losing more than 50% of its value. The dividend was cut in half, yet the current yield remains above 20%.
Carl Icahn is a legendary investor known for investing in undervalued companies and taking an active role in turning them around. Icahn Enterprises holds several companies and is where Icahn engages in his investing activity.
IEP stock has not been meeting market expectations in the past 4 months. The core business did not generate any profits and experienced a decline in revenues compared to the previous year. Cash reserves are dwindling while the number of units is on the rise.
Icahn Enterprises L.P. announced on Monday its plans to issue $500 million of six-year high-yield notes in a private offering.
Intelligent investors are discreetly investing in these established dividend stocks. If you desire consistent cash flow from your portfolio, it's wise to avoid blindly following traditional advice such as solely relying on Dividend Aristocrats.
On April 29, 2024, Icahn Enterprises L.P. announced in Sunny Isles Beach, Florida.
What type of business is Icahn Enterprises LP?
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company's Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company's Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.
What sector is Icahn Enterprises LP in?
Icahn Enterprises LP is in the Energy sector
What industry is Icahn Enterprises LP in?
Icahn Enterprises LP is in the Oil & Gas Refining & Marketing industry
What country is Icahn Enterprises LP from?
Icahn Enterprises LP is headquartered in United States
When did Icahn Enterprises LP go public?
Icahn Enterprises LP initial public offering (IPO) was on 23 July 1987
What is Icahn Enterprises LP website?
https://www.ielp.com
Is Icahn Enterprises LP in the S&P 500?
No, Icahn Enterprises LP is not included in the S&P 500 index
Is Icahn Enterprises LP in the NASDAQ 100?
No, Icahn Enterprises LP is not included in the NASDAQ 100 index
Is Icahn Enterprises LP in the Dow Jones?
No, Icahn Enterprises LP is not included in the Dow Jones index
When does Icahn Enterprises LP report earnings?
The next expected earnings date for Icahn Enterprises LP is 02 August 2024