Transocean LTD (RIG) and CVR Energy, Inc. (CVI) – Carl Icahn’s High Dividend Stock Picks

The latest SEC 13F filing of Icahn Capital LP, managed by Carl Icahn, for the second quarter 2014 highlighted minimum changes in his portfolio except that of Apple Inc (NASDAQ:AAPL) which comprises 12.72% of his portfolio. Among the stocks with highest dividends, Transocean LTD (NYSE:RIG) and CVR Energy, Inc. (NYSE:CVI) top the list. (You can see entire list of Carl Icahn Holdings.)

Transocean LTD (NYSE:RIG) forms 2.51% of Icahn’s portfolio with 21, 47,900 shares worth $967 million. The company has a market cap of $13.77 billion and dividend yield of 8%. Its shares trade at $37.48 with a P/E ratio of 7.45.

Transocean LTD (NYSE:RIG) reported revenue of $2.328 billion for the second quarter 2014 as compared to the revenue of $2.339 for the first quarter 2014. Net income for the second quarter 2014 was $587 million with diluted earnings per share of $1.61. The company received revenue efficiency of 95% for its entire fleet with 78% fleet utilization.

Transocean LTD (RIG)

CVR Energy, Inc. (NYSE:CVI) comes next in terms of high dividend stocks and it forms 8.9% of Icahn’s portfolio. Icahn Capital LP holds nearly 71 million shares of the company with market value of $3.43 billion. Icahn Capital LP is a majority shareholder of the company followed by Two Sigma Advisors ($16 million) and Aqr Capital Management ($10 million).

CVR Energy, Inc. (NYSE:CVI) reported net income of $83.7 million or $0.96 per share for the second quarter 2014. The company announced net adjusted EBITDA of $147.2 million for the second quarter as compared to $221.3 million for the same quarter last year. Further the company announced cash dividend of $0.75 for the second quarter 2014. CVR Energy, Inc. (NYSE:CVI) has a market cap of $4.26 billion with dividend yield of 6.07%. Its shares trade at $49.45 with P/E ratio of 18.45.

This article has been written by Prakash Pandey and edited by Serkan Unal.

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