Cadre Holdings, Inc. (NYSE:CDRE – Get Free Report) 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.
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.
Read More
- Five stocks we like better than Cadre
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- How Technical Indicators Can Help You Find Oversold Stocks
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- Insider Trades May Not Tell You What You Think
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for Cadre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadre and related companies with MarketBeat.com's FREE daily email newsletter.