Icahn Enterprises Defies Criticism and Issues Dividend Amid Short Report Controversy.
TL;DR
Icahn Enterprises has announced a dividend of $2.00 per unit to investors for the quarter ending March 31, following pressure from short seller Hindenburg Research. Unitholders can opt for cash or additional units for the distribution. The move comes after Hindenburg disclosed a short call against Icahn Enterprises, claiming its value is inflated by 75% or more. Icahn Enterprises gained as much as 11% in postmarket trading Thursday after falling more than 40% in the three sessions since the release of the Hindenburg report.
Topics:businessfinance#dividend#finance#hindenburg-research#icahn-enterprises#investors#short-seller
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