Cannae Holdings, Inc. (NYSE:CNNE) Plans Quarterly Dividend of $0.12

Posted by on Feb 25th, 2025

Cannae Holdings, Inc. (NYSE:CNNE – Get Free Report) announced a quarterly dividend on Monday, February 24th, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%.

Cannae has a dividend payout ratio of -68.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Cannae to earn ($1.17) per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of -41.0%.

Cannae Price Performance

CNNE opened at $19.16 on Tuesday. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.98 and a beta of 0.87. The company has a 50-day moving average of $19.53 and a 200-day moving average of $19.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55. Cannae has a 1-year low of $16.94 and a 1-year high of $22.99.

Cannae (NYSE:CNNE – Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.03). Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. Equities analysts expect that Cannae will post -3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price objective on Cannae from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

Read Our Latest Report on CNNE

About Cannae

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Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc was founded in 2014 and is based in Las Vegas, Nevada.

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