Icahn Enterprises has a trailing-12-month dividend yield of 31%, but investors must consider the following before buying the stock. Icahn Enterprises (IEP -5.38%), headed by activist investor Carl Icahn, has paid out a very appealing dividend yield for years. However, the stock has been under significant pressure since last year when it was the subject of one prominent short-seller and the target of a recent Securities and Exchange Commission (SEC) investigation. Icahn Enterprises stock is down 44% from its ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Core Insights - Icahn Enterprises L.P. (NASDAQ: IEP) has received two Sell ratings, with stock performance aligning with expectations, showing a price at publication of $19.9 and a total return of -9.68% [2][3] - The company declared a $1 distribution, maintaining an annualized yield close to 25%, but challenges in underlying segments suggest a potential need to eliminate distributions altogether [4][17] Financial Performance - For Q2 2024, IEP reported a net loss of $331 million, or $0.72 per depositary unit, consistent with the previous year's loss of $269 million [5][6] - Adjusted EBITDA for Q2 2024 was a loss of $155 million, a significant decline from a gain of $14 million in Q2 2023 [5][6] - The indicative net asset value (NAV) as of June 30, 2024, was approximately $4 billion, down $969 million from March 31, 2024, and $775 million from December 31, 2023 [6][12] Segment Analysis - **Investment Segment**: Total return was negative 8.1% for the quarter, heavily impacted by Bausch Health Companies Inc. (BHC), which saw a 50% decline since March 31, 2024 [6][7] - **Energy Segment**: CVR Energy's adjusted EBITDA decreased by $127 million to $46 million compared to $173 million in the prior year, with realized gate prices for UAN down 15% [8] - **Automotive Segment**: Net sales decreased by $42 million due to reduced consumer spending on automotive repairs, although adjusted EBITDA improved slightly by $2 million [10] - **Other Segments**: Adjusted EBITDA for real estate and food packaging segments decreased due to lower demand, with overall revenues declining year over year [11] Unit Count and NAV - The weighted average count of units for Q2 2024 was 450 million, up from 367 million the previous year, with actual units outstanding at 475.5 million as of June 30, 2024 [14][15] - The NAV per unit is approximately $8.37, which is about 25% lower than the previous quarter and 45% lower than five quarters ago [16][17] Outlook - The total NAV has dropped significantly, raising concerns about the company's ability to manage net debt effectively [12][17] - The sustainability of the current distribution is questioned, with expectations that it may need to be reduced or eliminated soon [18][19]

SUNNY ISLES BEACH, Fla., Aug. 7, 2024 /PRNewswire/ -- Second quarter net loss attributable to IEP of $331 million, a decline of $62 million over prior year quarter Second quarter Adjusted EBITDA attributable to IEP was a loss of $155 million, compared to $14 million for the prior year quarter Indicative Net Asset Value was approximately $4 billion as of June 30, 2024, a decrease of $969 million compared to March 31, 2024 IEP declares second quarter distribution of $1.00 per depositary unit Financial Summary ...

Icahn Enterprises L.P., a master limited partnership, is a diversified holding company engaged in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion and Pharma. SOURCE Icahn Enterprises L.P. SUNNY ISLES BEACH, Fla., July 24, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq:IEP) announced today that it will discuss its second quarter 2024 results on a webcast on Wednesday, August 7, 2024 - 10:00 a.m. Eastern Time. To access the webcast, viewers shoul ...

That 23% dividend yield, meanwhile, may look attractive, but it isn't actually one that investors should count on. First off, Carl Icahn owns 86% of Icahn Enterprises and is currently taking some of the distributions to which he is entitled in units rather than in cash. This makes it possible for the company to pay out more in cash to other investors, which one could easily argue artificially boosts the dividend yield. Also, the company's ability to pay dividends is directly tied to its investment success, ...

A man who, like Carl Icahn, enjoys positive cash flow. Bambu Productions Icahn Enterprises (NASDAQ:IEP) is a legend in the world of high yield stocks. Boasting a massive 24% yield, it gets the yield hunters salivating. Although the stock gets a mere hold rating from both Seeking Alpha authors and Seeking Alpha Quant, it is a star on Wall Street, with a consensus 'buy' rating and no sell ratings! On the surface, it's somewhat hard to figure out what those bullish IEP are thinking. The company would appear to ...

SUNNY ISLES BEACH, Fla., May 28, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ: IEP) – Icahn Enterprises L.P. ("Icahn Enterprises") announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the "Issuers"), consummated their offering of $750,000,000 aggregate principal amount of 9.000% Senior Unsecured Notes due 2030 (the "Notes") in a private placement not registered under the Securities Act of 1933, as amended (the "Securities Act") (such offering, the " ...

Icahn Enterprises' dividend yield is now above 20%. Is this stock a dividend investor's dream? Icahn Enterprises (IEP -1.02%) has been a dividend investor's dream. While the exact payout has fluctuated, the company has paid out a steady stream of cash to shareholders since 2005. Right now, the dividend yield is nearly 24%, causing many investors to take note. But can the company really afford to support a dividend yield of more than 20% in 2024? Will Icahn Enterprises really pay a 20% dividend this year? Ic ...

Icahn Enterprises is a complex company that is hard to define, but the best comparison would probably be private equity. Icahn Enterprises isn't trying to hide anything. It's very clear in the company's most recent investor presentation that "IEP is majority owned and controlled by Carl Icahn." It even goes so far as to explain that, "As of March 31, 2024, Carl Icahn and his affiliates owned approximately 85% of IEP's outstanding depositary units." With Carl Icahn in control of 85% of the Icahn Enterprises, ...