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

Cannae Holdings, Inc. (NYSE:CNNE) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Wednesday, December 17th will be given a dividend of 0.15 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 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. 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

Shares of Cannae stock traded up $0.09 during trading hours on Wednesday, hitting $17.80. 49,775 shares of the company’s stock traded hands, compared to its average volume of 648,209. Cannae has a 12-month low of $15.91 and a 12-month high of $22.36. The stock has a market capitalization of $918.48 million, a price-to-earnings ratio of -2.66 and a beta of 1.11. The company has a fifty day simple moving average of $18.58 and a 200-day simple moving average of $19.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.78 and a quick ratio of 2.78.

About Cannae

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.