JACKSONVILLE, Fla. - Cadre Holdings, Inc. (NYSE:CDRE), known for its safety equipment production and distribution, has declared a quarterly cash dividend. The dividend is set at $0.0875 per share, which annualizes to $0.35 per share. Eligible shareholders must be on record by May 3, 2024, to receive the dividend, which is scheduled for distribution on May 17, 2024.
Cadre, with headquarters in Jacksonville, operates on a global scale, providing a range of safety products essential for professionals working in hazardous conditions. The company's portfolio includes body armor, explosive ordnance disposal equipment, and nuclear safety products, catering to law enforcement, fire and rescue, and emergency medical services across over 100 countries. Its well-known brands include Safariland® and Med-Eng®.
The company's forward-looking statements indicate plans and expectations for the future, subject to risks and uncertainties that could affect financial results. These statements are not guarantees of future performance and could vary significantly from actual outcomes. Cadre Holdings advises that these forward-looking statements are based on current information and will be updated as necessary.
The declaration of dividends is at the discretion of Cadre's Board of Directors, and future dividends will depend on the company's financial health and market conditions. This announcement is based on a press release statement from Cadre Holdings, Inc. and does not imply any endorsement of claims or future financial performance.
InvestingPro Insights
Cadre Holdings, Inc. (NYSE:CDRE) has recently announced a quarterly cash dividend, reflecting confidence in its financial stability and commitment to shareholder returns. The company, which has seen substantial growth over the years, is trading at a high earnings multiple with a Price/Earnings (P/E) ratio of 33.98 and an adjusted P/E ratio for the last twelve months as of Q4 2023 standing at 32.38. This valuation indicates that investors have high expectations of Cadre's future earnings potential.
According to InvestingPro Tips, Cadre Holdings is not only trading at a high Price/Book multiple of 6.73 but also operates with a moderate level of debt, which suggests a balanced approach to leveraging and financial management. The company's liquid assets exceed its short-term obligations, providing it with a solid liquidity position to meet immediate financial needs. Additionally, analysts have revised their earnings upwards for the upcoming period, signaling optimism about Cadre's future performance.
InvestingPro Data highlights that Cadre Holdings has a market capitalization of $1.32 billion USD and has experienced a revenue growth of 5.39% for the last twelve months as of Q4 2023. The Gross Profit Margin stands at a healthy 41.6%, demonstrating the company's ability to maintain profitability amid costs.
For investors and potential shareholders, these insights may offer a deeper understanding of Cadre's financial health and market position. For more detailed analysis and additional InvestingPro Tips, which include predictions of profitability and historical performance, visit InvestingPro. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, where 8 more tips await to guide your investment decisions.
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