Is IEP dividend stable? (2024)

Is IEP dividend stable?

No, IEP's past year earnings per share was -$1.75, and their annual dividend per share is $5.00. IEP's dividend payout ratio is -342.9%, which is not sustainable.

Is IEP stock dividend safe?

Poor Safety: In terms of risk, IEP has poor safety - as evidenced by the RS rating of 0.73.

Is Icahn Enterprises dividend sustainable?

GuruFocus ranks Icahn Enterprises LP's profitability 3 out of 10 as of 2023-12-31, suggesting the dividend may not be sustainable. The company has reported net profit in 2 years out of the past 10 years.

Has IEP ever cut its dividend?

Unfortunately for income investors, Icahn Enterprises responded by cutting its dividend - which sent the shares reeling even lower. But is IEP a value pickup for income investors, or the ultimate yield trap?

Is IEP a stable stock?

Stable Share Price: IEP has not had significant price volatility in the past 3 months. Volatility Over Time: IEP's weekly volatility has decreased from 10% to 5% over the past year.

How good is IEP dividend?

Over the past 5.5 years, IEP has averaged an annual trailing twelve month dividend growth rate of 16.51%. IEP reports a compound annual dividend growth rate of 0.32% over the past 5.5 years. As for free cash flow, IEP has greater average cash flow over the past 5.5 years than merely 1.87% US-listed dividend payers.

Is IEP a good buy now?

IEP Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 1.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

How sustainable is IEP dividend?

Right now, IEP features a forward yield of 24.39%. For context, the financial sector's average yield sits at 3.18%. I don't see how this is sustainable, raising suspicions about IEP ranking among high risk dividend stocks. Since the start of the year, IEP suffered a loss of more than 36% of equity value.

What is the future of IEP stock?

Based on the Rule 16, the options market is currently suggesting that Icahn Enterprises LP will have an average daily up or down price movement of about 5.55% per day over the life of the 2024-04-12 option contract. With Icahn Enterprises trading at USD 17.54, that is roughly USD 0.97 .

Why is IEP stock falling?

Overhaul in the C-suite and falling values

Last spring, Hindenburg Research released a report calling Icahn Enterprises "substantially overvalued" and arguing that IEP relied on a "Ponzi-like" structure to fund its dividend. The stock lost about half of its value following the Hindenburg report and has never recovered.

Is IEP undervalued?

For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: IEP is trading below fair value by more than 20%.

What is the IEP stock forecast for 2024?

According to our current IEP stock forecast, the value of Icahn Enterprises LP shares will rise by 10.46% and reach $ 18.83 per share by April 12, 2024.

How long has IEP been paying a dividend?

Historical dividend payout and yield for Icahn Enterprises (IEP) since 1989. The current TTM dividend payout for Icahn Enterprises (IEP) as of April 15, 2024 is $4.00. The current dividend yield for Icahn Enterprises as of April 15, 2024 is 23.11%.

Is IEP a good stock to own?

The financial health and growth prospects of IEP, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.

What is the fair value of IEP stock?

Is IEP profitable?

IEP's ROIC (Return on Invested Capital) has increased in the last 3 years from -10% to -4%, and is approaching profitability. IEP has positive Free Cash Flow for the last twelve months. IEP's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -4%.

How does Icahn Enterprises pay such a high dividend?

What's behind Icahn Enterprises' sky-high yield? The limited partnership has consistently paid distributions of $1 per unit each quarter. These distributions are funded, in part, from dividends and distributions that Icahn Enterprises receives from its subsidiaries, including CVR Energy.

What is the most reliable dividend stock?

How often does IEP pay dividends?

Icahn Enterprises L.P. has an annual dividend of $4.00 per share, with a forward yield of 23.52%. The dividend is paid every three months and the last ex-dividend date was Mar 8, 2024.

Who owns the most IEP stock?

Icahn Enterprises Stock Ownership FAQ

Icahn Enterprises (NASDAQ: IEP) is owned by 87.10% institutional shareholders, 240.39% Icahn Enterprises insiders, and 0.00% retail investors. Carl C. Icahn is the largest individual Icahn Enterprises shareholder, owning 1.03B shares representing 240.28% of the company.

Who are the major holders of IEP stock?

Largest shareholders include Icahn Carl C, Morgan Stanley, Group One Trading, L.p., Susquehanna International Group, Llp, Group One Trading, L.p., MDIV - Multi-Asset Diversified Income Index Fund, First Trust Advisors Lp, Citadel Advisors Llc, Geode Capital Management, Llc, and Susquehanna International Group, Llp .

What are the analyst ratings for IEP stock?

What percentage of IEP does Icahn own?

Icahn Enterprises (IEP)

The biggest ownership interest of all the assets held is in the MLP itself, Icahn Enterprise (NASDAQ: IEP). IEP stock represents 57.9% of the total portfolio value, worth some $6.3 billion. He owns some 367.9 million shares of the company or 86% of the total.

How much of Icahn Enterprises does Carl Icahn own?

Icahn Enterprises (NASDAQ: IEP) is majority owned and operated by one of the most famous investors in recent history, Carl Icahn. The Icahn family owns roughly 85% of the company's shares.

Is IEP a buy or sell?

Icahn Enterprises has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.