February 12, 2025
Icahn Enterprises: SEC inquiry, halving distribution, 20% yield from Carl

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Icahn Enterprises (NASDAQ:IEP) last declared a quarterly distribution of $1 per unit, down 50% from its prior distribution, and currently yields a 20% annual forward yield. The safest yield is certainly one that has just been cut and the IEP, founded by famed activist investor and corporate raider Carl Icahn, calls for a 61% decline in its valuation since early 2023, the first of 22 consecutive Fed funds rate hikes. Have seen The high of 5.25% to 5.50% is aggregated with a significant short report from Hindenburg Research in May. It’s been four months since ‘The Corporate Raider Throwing Stones from His Own Glass House’ was published and even with rightsized distribution, uncertainty still looms over investing in Icahn Enterprises.

Icahn Enterprises Fiscal 2023 Second Quarter Earnings Presentation

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Icahn Enterprises Fiscal 2023 Second Quarter Earnings Form 10-Q

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