Cannae Holdings (CNNE) Stock News

Cannae Holdings (NYSE:CNNE) has announced a significant increase in its quarterly cash dividend. The company's Board of Directors approved a 25% increase in the quarterly dividend payment to $0.15 per common share, up from the previous $0.12 per share.

The enhanced dividend will be paid on September 30, 2025, to shareholders of record as of September 16, 2025. This increase reflects the Board's ongoing commitment to returning capital to shareholders.

Cannae Holdings (NYSE:CNNE) has scheduled its second quarter 2025 financial results announcement for Monday, August 11, 2025, after market close. The company will host a conference call at 5:00 PM ET on the same day to discuss the results.

Investors can access the call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A replay will be available until August 25, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using access code 10200582. Additionally, a simultaneous webcast will be available on the company's website at www.cannaeholdings.com.

Cannae Holdings (NYSE: CNNE) announced that Black Knight Football Club (BKFC) has acquired a majority stake in Moreirense Futebol Clube, a Portuguese Primeira Liga football club. This acquisition advances BKFC's multi-club ownership strategy, which already includes AFC Bournemouth (100% ownership), FC Lorient (significant minority), and Hibernian FC (minority stake). The investment in Moreirense FC, which finished 6th in 2023-24 and 10th in 2024-25, provides entry into Portugal's market, ranked as Europe's 7th best league. Portugal's strategic advantages include no limits on non-EU players and being an attractive destination for South American talent, particularly Brazilian players, due to the shared Portuguese language. BKFC aims to create operational synergies, accelerate player development, and enable efficient player migration across its network while driving strong on-field and financial results.

Cannae Holdings (NYSE: CNNE) has announced its first quarter 2025 financial results, which have been posted to the company's website at www.cannaeholdings.com. The company will host a conference call on May 12, 2025, at 5:00 PM Eastern Time to discuss the quarterly results.

Investors can access the conference call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until May 26, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using access code 10198456. Additionally, a simultaneous webcast will be available on the company's website with a limited-time replay option.

Cannae Holdings (NYSE: CNNE) announced significant leadership changes and strategic actions on May 12, 2025. William P. Foley II transitions from CEO to Vice Chairman, while Doug Ammerman becomes Board Chairman and Ryan Caswell is appointed CEO. The company is expanding its relationship with JANA Partners, increasing its ownership stake from 20% to 50% for $67.5 million upfront, with potential additional payments of $26 million.

The company appointed two new independent directors: William Royan and Woodrow Tyler, effective June 1, 2025. Cannae is executing its three-key strategy: portfolio rebalancing, capital returns to shareholders, and improving portfolio performance. Notable achievements include raising $470 million through portfolio company sales in 2024, repurchasing $222 million of shares, and initiating quarterly dividends with a 2.7% yield.

Cannae Holdings (NYSE: CNNE) has announced a quarterly cash dividend payment. The company's Board of Directors has declared a dividend of $0.12 per share, which will be paid on June 30, 2025. Shareholders who are recorded as owners of CNNE stock by June 16, 2025 will be eligible to receive this dividend payment.

Cannae Holdings (NYSE: CNNE) has scheduled its first quarter 2025 earnings release and conference call. The company will announce its financial results after market close on Monday, May 12, 2025.

Key Details:

• Conference Call Time: 5:00 pm Eastern Time
• Dial-in Numbers: - Domestic: 1-844-826-3035 - International: 1-412-317-5195
• Replay Access: - Domestic: 1-844-512-2921 - International: 1-412-317-6671 - Access Code: 10198456 - Available until: May 26, 2025, 11:59 pm ET

Investors can also access a live webcast of the call on the company's website at www.cannaeholdings.com. An online replay will be made available immediately after the call concludes.

Cannae Holdings (NYSE: CNNE) has announced plans to utilize at least $460 million from its upcoming Dun & Bradstreet (DNB) sale proceeds. The allocation includes:

• At least $300 million for common stock repurchases via tender offer
• $60 million reserved for future quarterly dividends
• $101 million for retiring existing margin loan debt

The company holds 69.1 million DNB shares, representing $632 million in expected cash proceeds. This strategic move will utilize approximately 72% of the expected DNB sale proceeds for shareholder returns and debt reduction. The DNB transaction is anticipated to close in Q3 2025, subject to customary conditions.

Cannae Holdings (NYSE: CNNE) has announced its support for the sale of Dun & Bradstreet (DNB), where it holds a 16% stake (69.1 million shares). The transaction is expected to generate approximately $632 million in cash proceeds for Cannae and close in Q3 2025.

The company has significantly expanded its share buyback program, authorizing the repurchase of up to 23 million shares through March 2028, combining 10 million new shares with 12.95 million remaining from prior authorizations. Under the DNB Voting and Support Agreement, Cannae can sell up to 10 million DNB shares before the transaction closes.

Additionally, Cannae plans to transition to a declassified board structure with annual director elections, with a proposal to be presented at the 2025 shareholder meeting. The company aims to minimize its stock's net asset value discount and return significant capital to shareholders through buybacks.