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JACKSONVILLE, Fla. - Cadre Holdings, Inc. (NYSE:CDRE), a $1.31 billion market cap company, announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.095 per share, equivalent to $0.38 per share on an annualized basis, representing a 1.18% yield. According to InvestingPro data, the company has demonstrated solid dividend growth of 8.57% over the last twelve months.
The dividend will be paid on August 15, 2025, to shareholders of record as of the close of business on August 1, 2025, according to a company press release.
Cadre Holdings, headquartered in Jacksonville, Florida, manufactures and distributes safety equipment and related products for law enforcement, first responders, military, and nuclear markets. The company’s core products include body armor, explosive ordnance disposal equipment, duty gear, and nuclear safety products.
The company’s products are used in over 100 countries by various public safety professionals, including federal, state and local law enforcement, fire and rescue personnel, explosive ordnance disposal teams, and emergency medical technicians.
The declaration of any future dividends remains subject to the discretion of the company’s Board of Directors.
In other recent news, Cadre Holdings Inc. reported a strong financial performance for the first quarter of 2025, beating market expectations. The company achieved earnings per share of $0.23, surpassing the forecast of $0.15, and reported net sales of $130.1 million, exceeding the anticipated $125.52 million. Jefferies analyst Sheila Kahyaoglu raised the price target for Cadre Holdings to $42.00 from $36.00, maintaining a Buy rating, following the company’s impressive quarterly performance. Despite a 6% decline in revenues, Cadre’s earnings before interest, taxes, depreciation, and amortization (EBITDA) were 29% above Jefferies’ estimates.
The recent acquisition of Carr Engineering is expected to boost Cadre’s revenue and EBITDA guidance for 2025 by 8% and 6%, respectively. Jefferies noted that this acquisition could be a key driver for Cadre’s growth, with the company’s leverage at a favorable 1.7 times. In contrast, BofA Securities downgraded Cadre Holdings from Buy to Neutral, citing concerns over the company’s growth potential, particularly in inorganic growth. They expect deals to be delayed or slowed due to increased borrowing costs. These developments highlight differing analyst perspectives on Cadre Holdings’ future prospects.
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