Cadre Holdings, Inc. (NYSE:CDRE) Shareholders Set to Receive $0.10 Quarterly Dividend

Key Points

• Cadre Holdings declared a quarterly dividend of $0.10 per share, payable November 13 to shareholders of record on October 30. The annualized dividend is $0.40 per share, yielding approximately 1.5%.
• The dividend appears well covered, with a current payout ratio of 28.0% and an expected future payout ratio of 25.5% based on projected earnings.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $43.33, well above the reported trading price of $27.41.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.10 per share on Friday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, October 30th.

Cadre has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cadre to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.5%.

Cadre Trading Up 1.3%

Shares of NYSE CDRE traded up $0.36 during trading on Wednesday, hitting $27.41. 167,808 shares of the company were exchanged, compared to its average volume of 392,121. Cadre has a 12-month low of $24.07 and a 12-month high of $48.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. The company has a fifty day moving average price of $28.49 and a 200-day moving average price of $29.64. The firm has a market capitalization of $1.17 billion, a PE ratio of 32.32, a P/E/G ratio of 0.91 and a beta of 1.33.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Cadre had a net margin of 5.26% and a return on equity of 12.02%. The firm had revenue of $207.13 million during the quarter, compared to analyst estimates of $178.29 million. As a group, equities research analysts expect that Cadre will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

CDRE has been the subject of several analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $43.00 price target on shares of Cadre in a research note on Sunday, August 9th. Weiss Ratings restated a "hold (c)" rating on shares of Cadre in a report on Monday, August 17th. UBS Group set a $43.00 price target on shares of Cadre in a research report on Monday, August 10th. DA Davidson lifted their price target on shares of Cadre from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Cadre presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre's product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.

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