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

Cannae Holdings, Inc. (NYSE:CNNE) announced 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 is Wednesday, September 16th.

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 Trading Down 0.5%

Cannae stock opened at $14.81 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $650.84 million, a price-to-earnings ratio of -1.90 and a beta of 1.20. Cannae has a 1 year low of $10.46 and a 1 year high of $20.56. The firm’s 50 day moving average price is $14.51 and its two-hundred day moving average price is $13.56.

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

About Cannae

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.