Cadre Holdings Declares Quarterly Dividend of $0.08 Per Share

Rhea-AI Summary

Cadre Holdings, Inc. (NYSE: CDRE) has declared a quarterly cash dividend of $0.08 per share, translating to an annualized amount of $0.32. The dividend will be paid on February 17, 2022 to shareholders who are on record as of February 4, 2022. The Board of Directors retains discretion over future dividend declarations. Cadre is a leading provider of safety equipment for first responders, operating globally with key products like body armor and explosive ordnance disposal equipment.

Positive

• Quarterly cash dividend declared at $0.08 per share.
• Annualized dividend of $0.32 per share, enhancing shareholder income.
• Confidence in dividend payment reflects strong financial standing.

Negative

• None.

JACKSONVILLE, Fla., Jan. 25, 2022 /PRNewswire/ -- Cadre Holdings, Inc. (NYSE: CDRE) ("Cadre" or the "Company"), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, or $0.32 per share on an annualized basis. Cadre's dividend payment will be made on February 17, 2022 to shareholders of record as of the close of business on the record date of February 4, 2022. The declaration of any future dividend is subject to the discretion of the Company's Board of Directors.

About Cadre

Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety and survivability products for first responders. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The Company's core products include body armor, explosive ordnance disposal equipment, and duty gear. Our highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Our key brands include Safariland^® and Med-Eng^®, amongst others.

Forward-Looking Statements

Except for historical information, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to all projections and anticipated levels of future performance. Forward-looking statements involve risks, uncertainties and other factors that may cause our actual results to differ materially from those discussed herein. Any number of factors could cause actual results to differ materially from projections or forward-looking statements, including without limitation global economic conditions, spending patterns of government agencies, competitive pressures, the impact of acquisitions and related integration activities, product liability claims, the success of new product introductions, currency exchange rate fluctuations and the risks of doing business in in the markets in which we operate, including foreign countries. More information on potential factors that could affect the Company's financial results are more fully described in our prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, on November 5, 2021, and will be included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

Contacts

Gray Hudkins
Cadre Holdings, Inc. 
gray.hudkins@cadre-holdings.com 
203-550-7148

Investor Relations:
The IGB Group
Leon Berman / Matt Berkowitz
212-477-8438 / 212-227-7098 
lberman@igbir.com / mberkowitz@igbir.com

Media Contact:
Jonathan Keehner / Andrew Siegel
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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SOURCE Cadre Holdings

FAQ

What is the dividend amount declared by Cadre Holdings (CDRE)?

Cadre Holdings has declared a quarterly cash dividend of $0.08 per share.

When will Cadre Holdings (CDRE) pay the dividend?

The dividend will be paid on February 17, 2022.

What is the record date for the Cadre Holdings (CDRE) dividend?

The record date for the dividend is February 4, 2022.

How often does Cadre Holdings (CDRE) pay dividends?

Cadre Holdings typically pays dividends quarterly.

Is the dividend from Cadre Holdings (CDRE) sustainable?

The future declaration of dividends is subject to the discretion of the Board of Directors.