Icahn Enterprises faces criticism and stock drop, but still offers high yield.
TL;DR Summary
Icahn Enterprises plans to distribute $2 per depositary unit for the quarter ended March 31, ahead of schedule due to inquiries following the Hindenburg report that accused the investment firm of over-valuing its holdings and relying on a "Ponzi-like" structure to pay dividends. The declaration of the depositary unit comes days after the report sent the company's shares to more than a decade low. Carl Icahn, chairman of Icahn Enterprises, disagrees with the report's assertions and intends to respond at length to defend the company and its unitholders.
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