Cadre Holdings, Inc. (NYSE:CDRE) to Issue $0.10 Quarterly Dividend

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Investors of record on Friday, May 2nd will be paid a dividend of 0.095 per share on Friday, May 16th. This represents a $0.38 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, May 2nd.

Cadre has raised its dividend payment by an average of 63.6% annually over the last three years. Cadre has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cadre to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 27.9%.

Cadre Stock Performance

Shares of NYSE:CDRE traded up $0.49 during trading on Friday, hitting $30.57. 340,597 shares of the stock were exchanged, compared to its average volume of 242,433. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre has a 1-year low of $27.07 and a 1-year high of $40.28. The company's fifty day simple moving average is $31.53 and its 200-day simple moving average is $34.03.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm's quarterly revenue was up 41.3% on a year-over-year basis. Sell-side analysts expect that Cadre will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 37.00% 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.