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

Icahn Enterprises L.P. (NASDAQ:IEP) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors 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 of this dividend is Monday, March 10th.

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

Icahn Enterprises Stock Performance

NASDAQ:IEP opened at $10.07 on Friday. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. The firm’s fifty day simple moving average is $9.58 and its 200 day simple moving average is $11.73. The stock has a market cap of $5.08 billion, a P/E ratio of -9.24 and a beta of 0.81. Icahn Enterprises has a twelve month low of $8.53 and a twelve month high of $20.25.

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