Icahn Enterprises L.P. (NASDAQ:IEP) Announces Quarterly Dividend of $0.50

Icahn Enterprises L.P. (NASDAQ:IEP) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.50 per share by the conglomerate on Wednesday, April 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 19.86%. The ex-dividend date is Monday, March 10th.

Icahn Enterprises has decreased its dividend by an average of 24.1% per year over the last three years.

Icahn Enterprises Price Performance

IEP opened at $10.07 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. Icahn Enterprises has a 1 year low of $8.53 and a 1 year high of $20.25. The stock’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $11.73. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -9.24 and a beta of 0.81.

Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.36). The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. As a group, analysts predict that Icahn Enterprises will post -0.55 earnings per share for the current year.

About Icahn Enterprises

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.