Zilla, yes tomorrow IEP will pay $1.00 per share which equals 31% which is too high but only because shorts have destroyed the pps. So if at 3rd quarter earning IEP cuts the dividend it would help reduce debt which is good. LOOKING FORWARD IEP= https://finviz.com/quote.ashx?t=IEP&ty=c&ta=1&p=d looks good with positive earnings and vary nice EPS going forward so any dividend cut could be short as Icahn likes his DIV and the majority comes from the dividends his companies pays out.
I do feel IEP is strong buy and should be in $20 by next year or before.
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