TRATF - Icahn Enterprises: 16% Dividend Yield And Market Correction Protection

• Icahn Enterprises will likely maintain the current dividend, yielding 16% at current prices.
• Despite distributing more than it earns, 95% of shares are owned by Carl Icahn, who elects to receive the distribution in new equity, minimizing cash outflows.
• The cost of cutting dividends is more than the notional amount IEP distributes to public shareholders who own the remaining 5% of shares.
• A significant portion of Icahn's portfolio is hedged, protecting assets in case the recent market rout continues.

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