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JACKSONVILLE, Fla. - Cadre Holdings, Inc. (NYSE: CDRE), known for manufacturing and distributing safety equipment, has declared a quarterly cash dividend of $0.095 per share. This announcement, made by the company’s Board of Directors, translates to an annualized dividend rate of $0.38 per share, representing a 1.3% yield at current prices. The upcoming dividend is slated for distribution on May 16, 2025, to shareholders who are on record by the close of business on May 2, 2025. According to InvestingPro data, the company’s dividend has grown 18.75% over the last twelve months.
The company, headquartered in Jacksonville, Florida, is recognized for providing a range of critical safety products. With a market capitalization of $1.18 billion and annual revenue of $567.56 million, Cadre’s portfolio includes body armor, explosive ordnance disposal equipment, duty gear, and nuclear safety products, which are utilized by law enforcement, fire and rescue, and emergency medical technicians across more than 100 countries. Among its notable brands are Safariland® and Med-Eng®. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 3.48, indicating robust financial health.
Investors should note that the declaration of any future dividends will remain at the discretion of Cadre’s Board of Directors. The company emphasizes that forward-looking statements related to dividends or financial performance are subject to risks and uncertainties and are not guarantees of future performance. For deeper insights into Cadre’s financial health and growth prospects, InvestingPro subscribers can access comprehensive analysis, including 8 additional ProTips and detailed valuation metrics in the Pro Research Report.
The information in this article is based on a press release statement from Cadre Holdings, Inc. No endorsement or evaluation of the company’s market position or future prospects is implied. The company has cautioned that forward-looking statements are based on current expectations and could vary significantly based on various factors. Cadre Holdings has a history of filing comprehensive public reports with the Securities and Exchange Commission, where interested parties can find more detailed information about the company’s risk factors and financial health.
In other recent news, Cadre Holdings reported its Q4 2024 financial results, showcasing a mixed performance with earnings per share (EPS) of $0.32, which fell short of the expected $0.49. However, the company exceeded revenue forecasts, achieving $175.98 million against the anticipated $162.81 million, marking a record for net sales. Cadre Holdings also announced a strategic acquisition agreement to acquire the engineering division from Cars Group, which is expected to enhance its nuclear safety vertical. This acquisition will expand Cadre’s international footprint and introduce new areas like automation and nuclear medicine. Additionally, Cadre Holdings received an upgrade in its financial flexibility by closing new financing, increasing its credit facilities to $590 million. The company continues to focus on mergers and acquisitions as a key growth strategy. Despite potential challenges from tariffs and government spending uncertainties, Cadre Holdings remains committed to its strategic initiatives and growth outlook for 2025.
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