5 Dividend Stocks to Buy According to Billionaire Carl Icahn’s Icahn Capital LP

4. CVR Energy, Inc. (NYSE:CVI)

Icahn’s Capital Stake Value: $2,385,157,000
Dividend Yield as of September 8: 4.83%

CVR Energy, Inc. (NYSE:CVI) is another prominent dividend stock in billionaire Icahn’s portfolio. The company specializes in petroleum refining and also manufactures nitrogen fertilizers.

CVR Energy, Inc. (NYSE:CVI) was the second-largest holding of Icahn Capital and represented 11.43% of its portfolio in Q2. The hedge fund has been investing in the company since the fourth quarter of 2011 and gradually increased its position. In Q2 2022, the fund owned over 71 million shares in the company, worth nearly $2.4 billion.

On August 1, CVR Energy, Inc. (NYSE:CVI) declared a quarterly dividend of $0.40 per share and a supplemental dividend of $2.60 per share. As of September 8, the stock’s dividend yield came in at 4.83%.

The number of hedge funds tracked by Insider Monkey owning stakes in CVR Energy, Inc. (NYSE:CVI) grew to 22 in Q2 2022, from 17 in the previous quarter. These stakes hold a collective value of over $2.52 billion. Jim Simons’ Renaissance Technologies was one of the company’s most prominent stakeholders in Q2.