Cadre Holdings, Inc. (NYSE:CDRE) Shareholders to Collect $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 given a dividend of $0.10 per share on Friday, November 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 30th.

Cadre has a payout ratio of 28.0% meaning 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 Stock Up 1.3%

CDRE traded up $0.36 on Wednesday, hitting $27.41. 167,808 shares of the company were exchanged, compared to its average volume of 392,121. Cadre has a twelve month low of $24.07 and a twelve month high of $48.76. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $28.49 and a two-hundred day moving average price of $29.64.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%. The company had revenue of $207.13 million for the quarter, compared to analyst estimates of $178.29 million. On average, equities 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.