---
title: "Icahn Enterprises issues dividend after Hindenburg attack"
description: "Icahn Enterprises, under pressure from short seller Hindenburg Research, said it would pay a dividend of $2 per unit to investors, sending shares higher after market."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Business Maverick"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2023-05-05-icahn-enterprises-issues-dividend-after-hindenburg-attack/"
published: "2023-05-05T05:41:28"
lang: "en-ZA"
word_count: 252
---

# Icahn Enterprises issues dividend after Hindenburg attack

> Icahn Enterprises, under pressure from short seller Hindenburg Research, said it would pay a dividend of $2 per unit to investors, sending shares higher after market.

By Bloomberg · Published 5 May 2023, 07:41 SAST

## Key points
- Icahn Enterprises has responded to the self-serving Hindenburg report with a distribution offer for its unitholders, providing them with a cash option or additional units.
- Icahn Enterprises offers unitholders cash or additional units for the quarterly dividend
- Hindenburg disclosed a short call against the firm two days prior
- Icahn Enterprises reassures long-term unitholders that market disruption caused by report does not affect liquidity
- Icahn Enterprises to report earnings on 10 May

## Content

Unitholders can opt for cash or additional units for the distribution for the quarter ending on 31 March, the firm said in a statement on Thursday.

Icahn Enterprises didn’t specify whether this was its typical quarterly dividend, although it has paid out a quarterly dividend of $2 since 2019, according to data compiled by Bloomberg.

The move comes two days after Carl Icahn, who’s made a career out of starting corporate brawls, found himself on the receiving end of criticism when Hindenburg [disclosed](https://www.bloomberg.com/news/articles/2023-05-02/icahn-enterprises-sinks-after-hindenburg-issues-short-report) a short call against his investment firm.

“We would like to reassure our long-term unitholders that the market disruption caused by the self-serving Hindenburg report does not affect IEP’s liquidity,” Icahn said in a statement.

Icahn Enterprises gained as much as 11% in post market trading on Thursday after falling more than 40% in the three sessions since the release of the Hindenburg report.

A representative for Hindenburg didn’t respond to a request for comment.

Hindenburg, whose founder, Nathan Anderson, made a name for the firm by targeting corporate giants like payments company Block Inc and Adani, has claimed Icahn Enterprises’ value is inflated by 75% or more, noting that it trades at a premium of more than 200% to its net asset value.

“We obviously disagree with the inflammatory assertions in the Hindenburg report and intend to respond at length — and to vigorously defend IEP and its unitholders,” Icahn said.

Icahn Enterprises is scheduled to report earnings on 10 May, according to data compiled by Bloomberg. **BM/DM**