IEP Dividend Type Payments

Icahn Enterprises L.P. - Depositary Units representing Limited Partner I dividend

Although IEP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Icahn Enterprises L.P. - Depositary Units representing Limited Partner I to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Icahn Enterprises L.P. - Depositary Units representing Limited Partner I (IEP)
Bid Ask Last Change Volume P/E Market Cap
8.13 8.19 8.14 -0.01 667K - 4.5B

IEP Dividend-Like Income Using Covered Calls

With IEP at 8.14, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.24 0.1
5% 0.41 0.1
10% 0.81 0.2

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On IEP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 10.00 0.05 33 0.2 1.81 (22.2%)
Dec 19 10.00 0.15 96 0.2 1.81 (22.2%)
5% Yield On IEP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 10.00 0.05 33 0.2 1.81 (22.2%)
Dec 19 10.00 0.15 96 0.2 1.81 (22.2%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Sep 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.OPEN dividend
2.SPY dividend 7.QQQ dividend   2.QURE dividend
3.IWM dividend 8.TSLA dividend   3.REPL dividend
4.PCG dividend 9.SLV dividend   4.APPS dividend
5.IBIT dividend 10.FXI dividend   5.GRAL dividend

Want more examples? IEO Dividend | IEUR Dividend