Cannae Holdings, Inc. (CNNE) To Go Ex-Dividend on March 17th

Cannae Holdings, Inc. (NYSE:CNNE) declared a quarterly dividend on Monday, February 23rd. Investors of record on Tuesday, March 17th will be paid a dividend of 0.15 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, March 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. Equities analysts expect Cannae to earn ($1.17) per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of -51.3%.

Cannae Stock Performance

NYSE CNNE opened at $11.51 on Friday. The stock has a market capitalization of $532.97 million, a price-to-earnings ratio of -1.29 and a beta of 1.11. The stock has a 50-day moving average of $13.97 and a 200 day moving average of $16.23. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.07. Cannae has a twelve month low of $11.24 and a twelve month high of $21.96.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Monday, February 23rd. The company reported ($1.93) EPS for the quarter, missing the consensus estimate of ($0.38) by ($1.55). The business had revenue of $103.30 million during the quarter, compared to analyst estimates of $102.70 million. Cannae had a negative net margin of 121.15% and a negative return on equity of 31.78%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.74) earnings per share. Sell-side analysts anticipate that Cannae will post -3.14 EPS for the current fiscal year.

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.