Carl Ichahn became known as the “corporate raider” in the 1980s after profiting from the hostile takeover and expropriation of Trans World Airlines. Icahn is the founder and majority shareholder of Icahn company IEPoperated by the investment Subsidiary Icahn Capital LP.
Icahn Capital added a stake Twitter TWTR Before Elon Musk offered to buy it in April, Icahn told CNBC, “The stock went down a little bit, so I started buying shares, then I felt like I was trying to get on the board.” Icahn also said that Musk was the perfect man to buy the social media platform and that if asked, he would have joined Musk by investing $1 billion.
Icahn started out buying Twitter stock at around $30 a share and put over $500 million into the stock. According to The Wall Street Journal, he ended up making an estimated profit of over $250 million.
In the third quarter, Icahn also increased its stake in Southwest gas stocks SWX by around 30%, which corresponds to a share of 2.2% of the portfolio.
Here are two dividend stocks that Carl Icahn owns.
Also read: This billionaire bank is showing a 30% yield despite the market crash in 2022
CVR Energy Inc. CVI offers a dividend yield of 3.10%, or $1.20 per share annually through quarterly payments, with a track record of increasing its dividends once over the past year. CVR Energy is engaged in petroleum refining and nitrogen fertilizer manufacturing through its interests in CVR Refining LP and CVR Partners LP.
Icahn purchased 71.2 million shares of CVR Energy between 2011 and 2012 and has never sold any shares. CVR Energy is his second most-held position, accounting for 11% of the total portfolio. Icahn owns over 70% of CVR’s outstanding shares.
Crown Holdings Inc. CCK offers a dividend yield of 1.10%, or 88 cents per share annually through quarterly payments, with a track record of a one-time increase in its dividends over the past year. Crown Holdings is a leader in metal packaging technology with…
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