Friday, April 19, 2024 9:55:18 AM
in this article = https://www.insidermonkey.com/blog/10-dividend-stocks-with-over-9-yield-according-to-analysts-1289046/
8. Icahn Enterprises LP Common Stock (NASDAQ:IEP)
Average Analyst Price Estimate: $25
Upside Potential: 44%
Billionaire Carl Icahn-led conglomerate Icahn Enterprises LP Common Stock (NASDAQ:IEP) is one of the dividend stocks with 9% yield that has high upside potential based on analyst price estimates. Wall Street analysts expect the stock to reach $25, while it was trading at around $17 as of April 14. The company talked about dividends and other important business matters in an earnings call in February:
“CVI declared a fourth quarter cash dividend of $0.50 per share. And now to our Automotive segment. As we previously discussed, the segment has undergone significant change due to the deconsolidation of Auto Plus in January of 2023. The segment results throughout 2023 are made up primarily of automotive service operations as compared to 2022, which also included the aftermarket parts operations of Auto Plus.
Q4 2023 automotive service revenues were down $15 million compared to Q4 2022, driven by store closures and lower car count. Adjusted EBITDA was $28 million for the quarter, a $71 million improvement as compared to Q4 2022, mainly due to the exit of the Auto Plus aftermarket parts business. Now, turning to our Real Estate segment. Q4 2023 net sales and other revenues increased by $8 million and adjusted EBITDA increased by $3 million compared to the prior year quarter, primarily driven by the sale of single family homes. Now on to our Other Operating segments. Food packaging’s adjusted EBITDA was flat for Q4 2023 as compared to the prior year quarter. The quarter-over-quarter comparison was positively impacted by pricing initiatives and lower distribution cost, which was offset by lower sales volume.”
Recent IEP News
- Icahn Enterprises L.P. Announces Q1 2024 Earnings Conference Call • PR Newswire (US) • 04/29/2024 10:00:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 02:56:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 02:00:31 PM
- Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Fourth Quarter and Full Year 2023 Financial Results • PR Newswire (US) • 02/28/2024 02:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 02:21:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:15:46 PM
- Icahn Enterprises L.P. Announces Q4 and Full Year 2023 Earnings Conference Call • PR Newswire (US) • 02/21/2024 09:00:00 PM
- Icahn Enterprises L.P. Announces Management & Financial Update • PR Newswire (US) • 02/21/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 10:00:34 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/29/2023 10:00:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:30:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
- Icahn Enterprises L.P. Announces Closing of $500 Million Senior Notes Offering and Additional $200 Million Senior Notes Offering • PR Newswire (US) • 12/19/2023 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 09:05:36 PM
- Icahn Enterprises L.P. Announces Upsizing and Pricing of Additional Senior Notes • PR Newswire (US) • 12/15/2023 05:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 01:09:08 PM
- Icahn Enterprises L.P. Intends to Offer Additional New Senior Notes • PR Newswire (US) • 12/15/2023 12:49:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 11:03:06 AM
- Icahn Enterprises L.P. Announces Pricing of Senior Notes • PR Newswire (US) • 12/13/2023 03:16:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 02:01:19 PM
- Icahn Enterprises L.P. Intends to Offer New Senior Notes • PR Newswire (US) • 12/12/2023 01:47:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:30:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 12:01:53 PM
- Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2023 Financial Results • PR Newswire (US) • 11/03/2023 12:00:00 PM
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