Cadre Holdings, Inc. Announces Quarterly Dividend of $0.10 (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, July 31st will be given a dividend of 0.10 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 31st.

Cadre has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cadre to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 28.2%.

Cadre Trading Up 0.1%

Shares of NYSE:CDRE opened at $29.21 on Wednesday. The company has a market cap of $1.25 billion, a P/E ratio of 32.82 and a beta of 1.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.33. Cadre has a 1 year low of $25.73 and a 1 year high of $48.76. The stock’s fifty day moving average price is $29.47 and its 200-day moving average price is $34.53.

About Cadre

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.