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

Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report) announced a quarterly dividend on Monday, February 24th, 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 annualized dividend and a dividend yield of 20.00%. The ex-dividend date is Monday, March 10th.

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

Icahn Enterprises Stock Down 0.9 %

Shares of Icahn Enterprises stock traded down $0.09 during midday trading on Monday, hitting $10.00. The company's stock had a trading volume of 806,259 shares, compared to its average volume of 769,898. The firm has a market capitalization of $5.23 billion, a P/E ratio of -9.17 and a beta of 0.81. The stock has a 50-day simple moving average of $9.59 and a 200-day simple moving average of $11.61. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. Icahn Enterprises has a 1-year low of $8.53 and a 1-year high of $20.25.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates 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, sell-side analysts expect that Icahn Enterprises will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Icahn Enterprises from a "hold" rating to a "sell" rating in a research report on Friday.

Icahn Enterprises Company Profile

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.