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

Key Points

• Cadre Holdings, Inc. has declared a quarterly dividend of $0.10 per share, with an ex-dividend date of October 31, 2023, and a dividend yield of 0.9%.
• The company's current payout ratio stands at 26.6%, indicating that its dividend is well-covered by earnings, with expected future payouts suggesting a stable dividend policy.
• Cadre reported a net margin of 6.65% for the last quarter, with a revenue increase of 8.9% year-over-year, reflecting strong financial performance relative to analysts' estimates.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) declared a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, October 31st will be given a dividend of 0.095 per share on Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 31st.

Cadre has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.3%

NYSE:CDRE opened at $41.42 on Wednesday. The firm has a market cap of $1.68 billion, a P/E ratio of 44.07, a PEG ratio of 1.50 and a beta of 1.34. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90. The stock's 50 day simple moving average is $34.21 and its 200-day simple moving average is $33.02. Cadre has a 12-month low of $27.07 and a 12-month high of $42.91.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The firm had revenue of $157.11 million for the quarter, compared to analyst estimates of $153.23 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Cadre's quarterly revenue was up 8.9% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. Equities analysts anticipate that Cadre will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Cadre

Large investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company's stock worth $31,000 after buying an additional 313 shares during the period. Assetmark Inc. raised its holdings in shares of Cadre by 43.1% in the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company's stock worth $44,000 after purchasing an additional 420 shares during the period. Militia Capital Partners LP purchased a new position in shares of Cadre in the 1st quarter worth about $49,000. State of Wyoming purchased a new position in shares of Cadre in the 1st quarter worth about $69,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Cadre by 14.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company's stock worth $93,000 after purchasing an additional 357 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

About Cadre

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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