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

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Investors of record on Friday, August 2nd will be given a dividend of 0.0875 per share on Friday, August 16th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, August 2nd.

Cadre has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cadre to earn $1.32 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 26.5%.

Cadre Price Performance

NYSE:CDRE traded down $1.16 during trading hours on Wednesday, reaching $37.30. 96,015 shares of the company traded hands, compared to its average volume of 253,298. The firm’s 50-day moving average is $33.54 and its 200-day moving average is $34.19. The stock has a market cap of $1.51 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.82 and a quick ratio of 1.82. Cadre has a 1-year low of $22.56 and a 1-year high of $39.81.

Cadre (NYSE:CDRE) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Cadre had a net margin of 7.58% and a return on equity of 19.18%. The company had revenue of $137.86 million for the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the company posted $0.19 EPS. Cadre’s quarterly revenue was up 23.4% compared to the same quarter last year. Equities research analysts expect that Cadre will post 1.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nicolas Sokolow sold 8,596 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.08, for a total value of $275,759.68. Following the transaction, the director now directly owns 547,620 shares of the company’s stock, valued at approximately $17,567,649.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 49.20% of the company’s stock.

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.