Icahn Enterprises to halve dividend to fund CVE Energy stake boost - WSJ

seekingalpha11-08

halbergman/E+ via Getty Images Billionaire Carl Icahn's Icahn Enterprises (NASDAQ:IEP) plans to cut its dividend in half in order to fund a boost of its stake in CVR Energy (NYSE:CVI). Icahn plans to...

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Icahn plans to...</p>\n\n<a href=\"https://seekingalpha.com/news/4263885-icahn-enterprises-to-halve-dividend-to-fund-cve-energy-stake-boost-wsj\">Source Link</a>\n\n</div>\n","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Icahn Enterprises to halve dividend to fund CVE Energy stake boost - WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIcahn Enterprises to halve dividend to fund CVE Energy stake boost - WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 10:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4263885-icahn-enterprises-to-halve-dividend-to-fund-cve-energy-stake-boost-wsj><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>halbergman/E+ via Getty Images Billionaire Carl Icahn's Icahn Enterprises (NASDAQ:IEP) plans to cut its dividend in half in order to fund a boost of its stake in CVR Energy (NYSE:CVI).  Icahn plans to...</p>\n\n<a href=\"https://seekingalpha.com/news/4263885-icahn-enterprises-to-halve-dividend-to-fund-cve-energy-stake-boost-wsj\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IEP","symbol_name":"伊坎企业","start_time":0,"source_url":"https://seekingalpha.com/news/4263885-icahn-enterprises-to-halve-dividend-to-fund-cve-energy-stake-boost-wsj","article_id":"2481126011","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/169938796/image_169938796.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481126011","pubTimestamp":1731031753,"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"halbergman/E+ via Getty Images Billionaire Carl Icahn's Icahn Enterprises  plans to cut its dividend in half in order to fund a boost of its stake in CVR Energy .  Icahn plans to boost his stake in CVR Energy  to more than 80% and will make a tender offer for 15 million shares at $17.50 a share, a 6% premium to Thursday's closing price, according to a WSJ report late Thursday, which cited drafts of statements that Icahn and his firm plan to release Friday. IEP believes that CVR Energy , which has a market cap of $1.7 billion, is undervalued, according to the statements.  In order to fund his investment in CVR , where he currently has a 66% stake, Icahn will have the dividend in his investment vehicle Icahn Enterprises , according to the report.  This is the second time that the Icahn Enterprises  divided will be halved. IEP cut the dividend in August 2023 to a $1 following a Hindenburg Research short report in May 2023 that sent shares of Icahn Enterprises  tumbling. Icahn Enterprises ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IEP":"伊坎企业","BK4206":"工业集团企业","BK4585":"ETF&股票定投概念","BK4590":"PTP","BK4201":"综合性石油与天然气企业","BK4588":"碎股","CVI":"CVR能源","CVE":"Cenovus能源","BK4138":"石油与天然气的炼制和营销","BK4566":"资本集团"},"translate_title":"伊坎企业将股息减半以资助CVE Energy增持股份-华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVE":1,"CVI":0.9,"IEP":0.9},"content_text":"halbergman/E+ via Getty Images Billionaire Carl Icahn's Icahn Enterprises (NASDAQ:IEP) plans to cut its dividend in half in order to fund a boost of its stake in CVR Energy (NYSE:CVI).  Icahn plans to boost his stake in CVR Energy (CVI) to more than 80% and will make a tender offer for 15 million shares at $17.50 a share, a 6% premium to Thursday's closing price, according to a WSJ report late Thursday, which cited drafts of statements that Icahn and his firm plan to release Friday. IEP believes that CVR Energy (CVI), which has a market cap of $1.7 billion, is undervalued, according to the statements.  In order to fund his investment in CVR (CVI), where he currently has a 66% stake, Icahn will have the dividend in his investment vehicle Icahn Enterprises (IEP), according to the report.  This is the second time that the Icahn Enterprises (IEP) divided will be halved. IEP cut the dividend in August 2023 to a $1 following a Hindenburg Research short report in May 2023 that sent shares of Icahn Enterprises (IEP) tumbling. Icahn Enterprises (IEP) is scheduled to report its Q3 results on Friday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481126011"}