Forget Icahn Enterprises: 2 Energy Stocks to Buy Instead
Icahn Enterprises(IEP) The Motley Fool·2024-07-18 07:55
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, ...