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

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, NASDAQ reports. Investors of record on Friday, November 1st will be paid a dividend of 0.0875 per share on Friday, November 15th. This represents a $0.35 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 1st.

Cadre has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cadre to earn $1.33 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 26.3%.

Cadre Price Performance

NYSE CDRE traded down $0.15 during trading on Wednesday, hitting $37.44. 85,880 shares of the company's stock were exchanged, compared to its average volume of 232,453. The company has a market cap of $1.52 billion, a PE ratio of 37.03, a P/E/G ratio of 2.38 and a beta of 1.28. The company has a current ratio of 3.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.66. Cadre has a fifty-two week low of $27.34 and a fifty-two week high of $40.28. The stock's 50 day moving average price is $36.70 and its two-hundred day moving average price is $34.73.

Cadre (NYSE:CDRE - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $144.31 million for the quarter, compared to analyst estimates of $142.06 million. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Research analysts expect that Cadre will post 1.04 EPS for the current year.

Cadre Company Profile

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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