Icahn Enterprises stock has struggled since the start of 2023, losing more than 50% of its value. The dividend was cut in half, yet the current yield remains above 20%.
Carl Icahn is a legendary investor known for investing in undervalued companies and taking an active role in turning them around. Icahn Enterprises holds several companies and is where Icahn engages in his investing activity.
Icahn Enterprises is the publicly traded investment vehicle of Carl Icahn. The company owns several operating businesses as well as holdings in publicly traded companies.