Cadre Holdings, Inc. (CDRE) to Issue Quarterly Dividend of $0.09 on November 15th

by · The Markets Daily

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 yield of 0.94%. The ex-dividend date is Friday, November 1st.

Cadre has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.2 %

Shares of Cadre stock opened at $37.22 on Wednesday. Cadre has a 1-year low of $27.59 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. The stock has a market cap of $1.51 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.38 and a beta of 1.28. The stock’s 50 day simple moving average is $36.96 and its 200-day simple moving average is $34.83.

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

Cadre Company Profile

(Get Free Report)

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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