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

Cannae Holdings, Inc. (NYSE:CNNE) announced a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.15 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, June 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. Research analysts expect Cannae to earn ($1.89) 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 -31.7%.

Cannae Stock Up 0.4%

Shares of Cannae stock opened at $14.05 on Friday. The company has a fifty day moving average price of $12.21 and a 200 day moving average price of $14.55. 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 $10.46 and a twelve month high of $21.96. The stock has a market cap of $621.20 million, a price-to-earnings ratio of -1.58 and a beta of 1.18.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Monday, February 23rd. The company reported ($1.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($1.55). Cannae had a negative return on equity of 31.78% and a negative net margin of 121.15%.The business had revenue of $103.30 million for the quarter, compared to analysts’ expectations of $102.70 million. During the same period last year, the company posted ($0.74) earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts forecast that Cannae will post -2.02 earnings per share for the current fiscal year.

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.