Cadre Holdings, Inc. (NYSE:CDRE) Raises Dividend to $0.10 Per Share

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors of record on Friday, January 31st will be paid a dividend of 0.095 per share on Friday, February 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Cadre’s previous quarterly dividend of $0.09.

Cadre has raised its dividend by an average of 63.6% per year over the last three years. Cadre has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cadre to earn $1.35 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 25.9%.

Cadre Price Performance

Shares of Cadre stock opened at $39.02 on Wednesday. The business’s 50-day moving average price is $33.87 and its 200-day moving average price is $35.45. The firm has a market capitalization of $1.58 billion, a PE ratio of 47.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Cadre has a 12 month low of $29.18 and a 12 month high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. During the same period in the prior year, the business posted $0.29 earnings per share. Cadre’s revenue for the quarter was down 12.6% on a year-over-year basis. Sell-side analysts forecast that Cadre will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm cut their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $35.29, for a total transaction of $882,250.00. Following the transaction, the chief executive officer now owns 11,407,211 shares in the company, valued at approximately $402,560,476.19. This represents a 0.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $34.10, for a total value of $37,339.50. Following the transaction, the director now directly owns 83,208 shares in the company, valued at $2,837,392.80. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,310 shares of company stock valued at $7,704,941 in the last quarter. 37.00% of the stock is owned by insiders.

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.