Cadre Holdings, Inc. (CDRE) To Go Ex-Dividend on October 30th

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, October 20th. Investors 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 annualized dividend and a yield of 1.5%. 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. Equities 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 Up 1.5%

Cadre stock opened at $27.47 on Thursday. Cadre has a fifty-two week low of $24.07 and a fifty-two week high of $48.76. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. The stock’s fifty day moving average is $28.37 and its two-hundred day moving average is $29.60. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%. The business had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Analysts predict that Cadre will post 1.33 EPS for the current fiscal year.

About Cadre

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.