Cannae Holdings, Inc. (NYSE:CNNE) Stock to Pay Quarterly Dividend of $0.15

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

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

Cannae Stock Performance

Shares of CNNE opened at $18.30 on Thursday. The firm has a market capitalization of $723.69 million, a P/E ratio of -6.06 and a beta of 1.19. The stock has a 50 day moving average price of $15.90 and a two-hundred day moving average price of $14.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.24 and a current ratio of 1.24. Cannae has a 52 week low of $10.46 and a 52 week high of $18.35.

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

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.