Icahn Enterprises (IEP) Dividend History

• Pays: quarterly — $0.50 per depositary unit, unchanged since late 2024 (latest declared August 3, 2026).
• The cuts: $2.00 → $1.00 (declared August 2023, after a short-seller report that spring) and $1.00 → $0.50 (declared November 2024). A 75% reduction.
• Paid in units by default: holders receive new IEP units unless they elect cash — the unit count has grown to ~637 million, which dilutes everyone who takes cash.
• What it is: Carl Icahn's diversified holding company (he owns ~86% of units): an activist investment segment, 71% of CVR Energy, automotive, food packaging, real estate, home fashion and pharma.
• It's an MLP: you get a Schedule K-1, not a 1099 dividend — and distributions of a partnership have different tax character than corporate dividends.

Losses have continued: a $(0.52) net loss per unit in Q2 2026, indicative net asset value down $765M in the quarter to roughly $2.6B, and Icahn's own units pledged as loan collateral. The high headline yield is the market pricing all of that. IEP has never reverse-split; feeds that show 'splits' are logging unit distributions.

IEP pays quarterly. Each point below is one distribution since 1988 — a long $1.50-$2.00 plateau, then two halvings in 2023-24.

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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.

• Trailing 12 months: $2.00 per share across 4 payments — up 0% from $2.00 in the 12 months before (split-adjusted, in today's share terms). What a change like that does to your income →
• Current pace: recent payments annualize to $2.00 — 0% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
• Share price, same 12 months: down 19% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 109 payments over 38 years; the largest single payment was $2.00 (Mar 2019), split-adjusted.
• Payment drops ≥20% below trend, last 24 months: 5. Get alerted to the next one →

Every figure above is computed from IEP's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.

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"Next expected" is estimated from IEP's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.

A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.

For a decade IEP paid $1.50, then $2.00 a quarter — a double-digit yield that screened as the best income in America, funded in large part by issuing new units to pay the old ones. A May 2023 short-seller report said so out loud; the $2.00 was halved that August and halved again in November 2024. The chart above is the full arc, and the unit-denominated payout structure is the footnote that explains how the plateau lasted as long as it did.

This page is the site's sharpest example of a yield screen failing — the number that attracted buyers was the number that should have repelled them. Compare IEP's record against the steadier high-yield names on the compare tool, and model a future cut with the impact calculator.

Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.

Calculated from complete calendar years in the data above. Past results don't guarantee future payments.