Cadre Holdings, Inc. (NYSE:CDRE) Announces Quarterly Dividend of $0.09

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be given a dividend of 0.0875 per share on Friday, May 17th. This represents a $0.35 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 2nd.

Cadre has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.33 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 26.3%.

Cadre Price Performance

Shares of CDRE traded down $0.33 during mid-day trading on Thursday, hitting $33.10. The company’s stock had a trading volume of 224,702 shares, compared to its average volume of 253,043. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $32.98. The firm has a market capitalization of $1.24 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.76 and a beta of 1.32. Cadre has a 1-year low of $19.13 and a 1-year high of $39.81.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. The business had revenue of $124.58 million during the quarter, compared to analysts’ expectations of $122.30 million. Cadre had a return on equity of 21.85% and a net margin of 8.01%. Analysts predict that Cadre will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $50,334,445.00. Following the transaction, the chief executive officer now owns 12,184,918 shares in the company, valued at $426,472,130. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 49.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Raymond James cut Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $43.00 price objective (up from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stephens raised their price target on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $48.00 price objective (up previously from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Cadre presently has an average rating of “Moderate Buy” and an average price target of $41.25.

About Cadre

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.