Cadre Holdings, Inc. (NYSE:CDRE) Announces $0.09 Quarterly Dividend

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Friday, August 2nd will be paid a dividend of 0.0875 per share on Friday, August 16th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, August 2nd.

Cadre has a dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cadre to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.5%.

Cadre Stock Performance

Cadre stock opened at $36.70 on Thursday. The firm has a market capitalization of $1.49 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29. Cadre has a one year low of $22.73 and a one year high of $39.81. The stock’s 50 day moving average price is $34.26 and its 200 day moving average price is $34.35. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.82 and a current ratio of 2.82.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.07). Cadre had a return on equity of 19.18% and a net margin of 7.58%. The business had revenue of $137.86 million during the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. As a group, sell-side analysts expect that Cadre will post 1.07 EPS for the current fiscal year.

Insider Activity at Cadre

In related news, Director Nicolas Sokolow sold 8,596 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.08, for a total value of $275,759.68. Following the completion of the sale, the director now directly owns 547,620 shares of the company’s stock, valued at $17,567,649.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 49.20% of the stock is currently owned by corporate insiders.

About Cadre

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.