IEP - Icahn Enterprises: Buy Sell or Hold?
2024-04-05 04:59:00 ET
It's easy to hate on Icahn Enterprises (NASDAQ: IEP) stock these days. Over the past 12 months, shares have lost more than two-thirds of their value. Some investors believe a turnaround is just around the corner. Others believe the stock should be left for dead.
Is Icahn Enterprises a buy, sell, or hold right now?
The first thing many investors notice about Icahn Enterprises stock is its 30% dividend yield. Few stocks, if any, are able to support this high a dividend for long. The company has already slashed its quarterly dividend payout from $2 per share to just $1 per share, which will result in a 24% annualized yield -- still outrageous, but closer to being reasonable.
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Icahn Enterprises: Buy, Sell, or Hold?