Icahn Enterprises Stock Holds Steady as Investors Eye Dividend Decision
Icahn Enterprises units rose 0.3% to $7.53 in midday Nasdaq trading Wednesday, days after the May 18 record date for its $0.50 quarterly distribution due in late June. Investors focused on IEP’s net asset value, which rose to $3.4 billion at March 31, helped by gains in CVR Energy but offset by $320 million in refining hedge losses. No new earnings were released in the past 24 hours.