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

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, July 31st will be paid a dividend of 0.10 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, July 31st.

Cadre has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.42 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 28.2%.

Cadre Stock Up 0.1%

Cadre stock opened at $29.21 on Wednesday. The company has a market capitalization of $1.25 billion, a P/E ratio of 32.82 and a beta of 1.33. Cadre has a fifty-two week low of $25.73 and a fifty-two week high of $48.76. The stock has a 50-day simple moving average of $29.47 and a 200-day simple moving average of $34.53. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26.

Cadre Company Profile

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.