Cannae Holdings, Inc. (NYSE:CNNE) Shareholders to Receive $0.15 Quarterly Dividend

Cannae Holdings, Inc. (NYSE:CNNE) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, December 17th will be given a dividend of $0.15 per share on Thursday, December 31st. This represents a $0.60 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, December 17th.

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

Cannae Stock Up 3.7%

NYSE CNNE opened at $18.30 on Thursday. Cannae has a 12 month low of $10.46 and a 12 month high of $18.35. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $15.90 and its two-hundred day moving average price is $14.25.

Cannae (NYSE:CNNE) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of ($0.42) by $1.28. The company had revenue of $102.20 million during the quarter, compared to analyst estimates of $99.65 million. Cannae had a negative net margin of 38.18% and a negative return on equity of 14.10%.

About Cannae

Cannae Holdings, Inc is a diversified investment company that manages a portfolio of operating businesses and strategic investments. The company focuses on sectors including restaurants, financial services, payments, and business services, with the goal of building long-term value through active ownership and capital allocation.

Cannae has held interests in a range of companies, including restaurant operators, payment technology businesses, and providers of financial and business services.