Icahn Enterprises L.P. (NASDAQ:IEP) is one of the 14 Best Cheap Dividend Stocks to Buy Under $10.
The company’s financial position improves with the first quarter earnings and the sales completion of $500 million in Senior Secured Notes.
Based in Florida, Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company operating in a wide range of business segments, including energy, automotive, food packaging, metals, and real estate. Founded in 1987, the company is controlled by Carl Icahn and his affiliates, who own approximately 86% of the outstanding depositary units as of June 30, 2025.
Icahn Enterprises L.P. (NASDAQ:IEP) saw an increase in NAV by $252 million from the first quarter. Specifically, the increase in the share price of CVI by 38% contributed to a notable $561 million increase from the first quarter. The company also highlighted in its second-quarter earnings call a 1% growth in revenue in the Auto Service Division in May and June.
Later, on August 19, 2025, Icahn Enterprises L.P. (NASDAQ:IEP) announced the completion of the sale of $500 million in Senior Secured Notes, priced at 99.01% of their face value. The sale led to proceeds of $493 million, which the company intends to use to partially redeem existing 6.250% Senior Notes due 2026.
With these financial developments backing the company, Icahn Enterprises L.P. (NASDAQ:IEP) offers a dividend yield of 23.20%. The stock is available at a cheap price of $8.62 as of August 28, 2025.
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