Cadre Holdings, Inc. (NYSE:CDRE) Declares $0.10 Quarterly Dividend

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Investors of record on Friday, May 2nd will be paid a dividend of 0.095 per share on Friday, May 16th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%.

Cadre has increased its dividend by an average of 63.6% annually over the last three years. Cadre has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 27.9%.

Cadre Stock Performance

Shares of NYSE:CDRE traded up $0.29 on Tuesday, hitting $29.43. The company's stock had a trading volume of 222,459 shares, compared to its average volume of 241,363. Cadre has a 12 month low of $27.07 and a 12 month high of $40.28. The stock's 50-day moving average is $31.96 and its two-hundred day moving average is $34.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company's revenue was up 41.3% on a year-over-year basis. On average, equities research analysts forecast that Cadre will post 1.05 EPS for the current year.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. The trade was a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 37.00% of the company's stock.

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.

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