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. Shareholders 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 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, January 31st. This is a positive change from Cadre’s previous quarterly dividend of $0.09.

Cadre has raised its dividend payment by an average of 63.6% annually over the last three years. Cadre has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cadre to earn $1.36 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 25.7%.

Cadre Stock Performance

CDRE opened at $39.39 on Thursday. The firm has a market capitalization of $1.60 billion, a PE ratio of 47.46, a PEG ratio of 1.76 and a beta of 1.24. 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 has a twelve month low of $29.18 and a twelve month high of $40.28. The firm’s 50-day moving average price is $33.99 and its 200 day moving average price is $35.48.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business 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 earned $0.29 earnings per share. The business’s revenue was down 12.6% compared to the same quarter last year. As a group, sell-side analysts expect that Cadre will post 1.05 EPS for the current fiscal year.

Insider Activity at Cadre

In related news, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the director now directly owns 482,620 shares in the company, valued at approximately $16,047,115. The trade was a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Warren B. Kanders sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $35.83, for a total transaction of $895,750.00. Following the completion of the transaction, the chief executive officer now directly owns 11,532,211 shares in the company, valued at $413,199,120.13. The trade was a 0.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,310 shares of company stock worth $7,704,941. Insiders own 37.00% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm lowered their price target on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

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.