Can Icahn Enterprises Afford a 20% Dividend Yield in 2024?

Reported 6 months ago

Icahn Enterprises, controlled by Carl Icahn, has paid consistent dividends since 2005, with a current yield of nearly 24%. The company's dividend history and financial situation suggest it might pay out $4 per share this year, costing around $1.8 billion based on share count and available cash. However, the sustainability of such a high dividend remains uncertain beyond 2024, given the company's market cap exceeding its net asset value.

Source: YAHOO

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