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

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

Cadre has a payout ratio of 26.1% meaning 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 Trading Down 0.4 %

Shares of CDRE stock traded down $0.15 on Wednesday, reaching $37.44. The company had a trading volume of 85,880 shares, compared to its average volume of 232,453. The stock has a market cap of $1.52 billion, a PE ratio of 37.07, a PEG ratio of 2.38 and a beta of 1.28. The company has a 50-day moving average of $36.70 and a 200-day moving average of $34.73. 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 12 month low of $27.34 and a 12 month high of $40.28.

Cadre (NYSE:CDRE) last posted its earnings results on Friday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The company had revenue of $144.31 million for the quarter, compared to analyst estimates of $142.06 million. During the same period last year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities analysts forecast that Cadre will post 1.04 earnings per share 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.