Icahn Enterprises L.P.
IEPEnergy · Stock · quarterly payer
Forward Yield
29.39%
Annual Dividend
$2.00
Payout Ratio
2500%
5-Yr Growth
-24.2%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of September 2026, Icahn Enterprises L.P. (IEP) yields 29.39% ($2.00 per share annually), with a blended fair-value estimate of $21.49 — +217% upside, so it screens as undervalued. Dividend safety grade: D (44/100).
Is IEP a good dividend stock?
MixedIcahn Enterprises L.P. (IEP) pays a quarterly dividend yielding 29.39% ($2.00/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (2500%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 29.39%
- Payout Ratio
- 2500%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- -24.2%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.73
- Market Cap
- $4.9B
- P/E Ratio
- —
- 5-Yr Total Return
- -86%
- 52-Week Range
- $6.51 – $9.32
- Dividend Safety
- D · 44/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
IEP Price — Last 12 Months
Daily close
Price Return
1 Year
-19%
3 Years
-66%
5 Years
-86%
52-Week Range
$6.51 – $9.32
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IEP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Icahn Enterprises L.P. is $21.49 per share, versus a market price of $6.78. That implies 217% of upside — a margin of safety of about 68%.
Fair Value
$21.49
Current Price
$6.78
Upside
+217%
Margin of Safety
68%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$0.66 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IEP Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | — | $0.5000 | regular |
| May 18, 2026 | — | $0.5000 | regular |
| Mar 9, 2026 | — | $0.5000 | regular |
| Nov 17, 2025 | — | $0.5000 | regular |
| Aug 18, 2025 | — | $0.5000 | regular |
| May 19, 2025 | — | $0.5000 | regular |
| Mar 10, 2025 | — | $0.5000 | regular |
| Nov 18, 2024 | — | $0.5000 | regular |
| Aug 19, 2024 | — | $1.0000 | regular |
| May 17, 2024 | — | $1.0000 | regular |
| Mar 8, 2024 | — | $1.0000 | regular |
| Nov 16, 2023 | — | $1.0000 | regular |
| Aug 17, 2023 | — | $1.0000 | regular |
| May 19, 2023 | — | $2.0000 | regular |
Income Calculator
At $2.00 / yr per share
