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-0.00248962655601669 -0.0174273858921163 -0.00248962655601654 -0.0190871369294606 -0.0273941908713693 0.00165975103734436 -0.0456514522821577 -0.012448132780083
Stock impact report

Icahn Enterprises halves dividend to boost CVR Energy stake [Yahoo! Finance]

Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests (IEP) 
US:NASDAQ Investor Relations: ielp.com/investor-relations
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration Paris Restricts Through Traffic in City Center From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Icahn Enterprises LP will distribute a dividend of $0.50 per depositary unit in the third quarter, down from $1 per unit in the second quarter, according to an earnings statement on Friday. The firm is planning to raise its CVR Energy holding to about 81%, from 66%, it said in a separate statement. IEP will launch a tender offer to buy as many as 15 million additional CVR shares for $17.50 apiece, the statement showed. The price represents a 5.9% premium to CVR's last close in New York. Texas-based CVR Energy saw its shares tumble 24% on Oct. 29 after the refiner suspended its cash dividend for the third quarter. Bloomberg Intelligence analyst Brett Gibbs called the move a “major blow” as its annualized dividend yield had led refining peers. CVR Show less Read more
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