Cadre Holdings, Inc. (NYSE:CDRE) Shareholders to Receive $0.10 Quarterly Dividend

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.10 per share on Friday, November 13th. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 30th.

Cadre has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cadre to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.5%.

Cadre Trading Up 1.5%

NYSE:CDRE traded up $0.40 during mid-day trading on Wednesday, hitting $27.45. 186,185 shares of the stock traded hands, compared to its average volume of 392,158. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 1.02. Cadre has a 52 week low of $24.07 and a 52 week high of $48.76. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.91 and a beta of 1.33. The firm’s 50 day moving average is $28.49 and its two-hundred day moving average is $29.64.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. On average, equities research analysts predict that Cadre will post 1.33 earnings per share for the current year.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre’s product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.