Icahn Enterprises Stock Holds Steady as Investors Eye Dividend Decision
Icahn Enterprises L.P. units traded slightly up at midday Wednesday while the broader U.S. market gained ground. Investors kept an eye on Carl Icahn’s holding company after its June payout and asset-value update. IEP last changed hands at $7.53, up 0.3%. The units moved in a range between $7.47 and $7.74. Troubled Icahn Enterprises’ $0.50 quarterly payout is still drawing eyes. Holders had just crossed the May 18 record date, with the distribution due around June 25. The company kept the option for unitholders—cash or more depositary units. If holders don’t pick in time, they’ll get more units by default.