Cadre Holdings Increases Dividend

Rhea-AI Summary

Cadre Holdings (NYSE: CDRE) has announced a quarterly dividend increase to $0.095 per share, representing a 9% increase on an annualized basis from $0.35 to $0.38 per share. The dividend will be paid on February 14, 2025 to shareholders of record as of January 31, 2025.

The company, which specializes in manufacturing and distributing safety equipment for law enforcement, first responders, military, and nuclear markets, attributes this increase to strong free cash flow generation. CEO Warren B. Kanders emphasized that this decision reflects confidence in the company's fundamentals while maintaining support for organic growth and M&A objectives.

Positive

• 9% increase in annual dividend from $0.35 to $0.38 per share
• Strong free cash flow generation reported
• Company maintains ability to fund growth and M&A while increasing shareholder returns

Negative

• None.

Declares Quarterly Dividend of $0.095 Per Share; ~9% Increase on Annualized Basis

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.095 per share, or $0.38 per share on an annualized basis, on the Company’s common stock. On an annualized basis, the newly declared cash dividend represents an increase of 3 cents, or approximately 9%, over the previous annualized dividend of $0.35 per share. Cadre's dividend payment will be made on February 14, 2025 to shareholders of record as of the close of business on the record date of January 31, 2025. The declaration of any future dividend is subject to the discretion of the Company's Board of Directors.

Warren B. Kanders, Chairman and CEO of Cadre, said, “We are pleased to have once again increased our quarterly dividend, reflecting confidence in our businesses’ fundamentals and a continued commitment to delivering value for our shareholders. Cadre's strong free cash flow generation enables the company to make growing dividend payments, while also supporting core organic growth and M&A objectives.”

About Cadre
Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety products. 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, duty gear and nuclear safety products. Our highly engineered products are utilized in over 100 countries by federal, state and local law enforcement, fire and rescue professionals, explosive ordnance disposal teams, and emergency medical technicians. Our key brands include Safariland® and Med-Eng®, amongst others.

Forward-Looking Statements
Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release, include, but are not limited to, those risks and uncertainties more fully described from time to time in the Company's public reports filed with the Securities and Exchange Commission, including under the section titled “Risk Factors” in the Company's Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company’s 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250121459756/en/

Gray Hudkins

Cadre Holdings, Inc.

203 550 7148

gray.hudkins@cadre-holdings.com

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

Source: Cadre Holdings, Inc.

FAQ

What is the new quarterly dividend amount for Cadre Holdings (CDRE)?

Cadre Holdings (CDRE) has declared a quarterly dividend of $0.095 per share, which equals $0.38 per share on an annualized basis.

When is the payment date for CDRE's latest dividend?

The dividend payment will be made on February 14, 2025 to shareholders of record as of January 31, 2025.

How much did CDRE increase its dividend in percentage terms?

CDRE increased its annualized dividend by approximately 9%, from $0.35 to $0.38 per share.

What is the record date for CDRE's Q1 2025 dividend?

The record date for CDRE's dividend is January 31, 2025.

How does CDRE plan to balance dividend payments with growth objectives?

CDRE states that its strong free cash flow generation enables the company to make growing dividend payments while supporting core organic growth and M&A objectives.