Icahn Enterprises: 25% Yield Maintained, But For How Long?
IEPIcahn Enterprises(IEP) Seeking Alpha·2024-08-08 05:16
DNY59We have had a two Sell ratings on Icahn Enterprises L.P. (NASDAQ:IEP) and the stock has generally tracked in the direction we expected.  Seeking AlphaWhile the distributions have eased the pain, they have not been able to vault the stock total returns even into positive territory. The company did declare another $1 distribution today, and that keeps the current annualized yield at close to 25%. We go over the released results and tell you why it may be time for this one to eliminate the distributio ...