Cannae Holdings, Inc. Announces Quarterly Dividend of $0.15 (NYSE:CNNE)

Cannae Holdings, Inc. (NYSE:CNNE) declared a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.15 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Cannae has a dividend payout ratio of -56.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Cannae Stock Down 0.5%

Shares of NYSE:CNNE opened at $14.81 on Friday. The business has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $13.56. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.07. The firm has a market cap of $650.84 million, a P/E ratio of -1.90 and a beta of 1.20. Cannae has a 12-month low of $10.46 and a 12-month high of $20.56.

Cannae (NYSE:CNNE) last announced its earnings results on Monday, May 11th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.30). The firm had revenue of $96.20 million for the quarter, compared to the consensus estimate of $99.77 million. Cannae had a negative return on equity of 36.53% and a negative net margin of 103.77%.Cannae’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned ($1.81) EPS.

Cannae Company Profile

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.