Cadre Holdings, Inc. (NYSE:CDRE – Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be given 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 1.3%. The ex-dividend date of this dividend is Friday, October 30th.
Cadre has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance
CDRE opened at $30.59 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of 35.99 and a beta of 1.33. Cadre has a 52-week low of $24.07 and a 52-week high of $48.76. The business’s fifty day moving average is $28.16 and its 200-day moving average is $32.54.
Cadre (NYSE:CDRE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. On average, research analysts predict that Cadre will post 1.33 earnings per share for the current fiscal year.
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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