If you're in the market for dividend-paying stocks, you're onto a smart investing strategy. That's because shares of healthy and growing dividend-paying companies are likely to rise in value over time, and their dividend payouts will tend to do the same.
IEP trades at a premium to its NAV, even the NAV that the company proposes. The dividend getting cut may actually be relatively welcome news to a value investor assuming that this is a good moment to consolidate ownership of CVI. However, a value investor should not be able to get past the premium to NAV that has existed on the instrument for a while, likely because of the large dividend.
Icahn Enterprises L.P. (NASDAQ:IEP ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Andrew Teno – President and Chief Executive Officer Ted Papapostolou – Chief Financial Officer Robert Flint – Chief Accounting Officer Conference Call Participants Dan Fannon – Jefferies Andrew Berg – Post Advisory Group Bruce Monrad – Northeast Investors Trust Operator Good m...
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