Cadre Holdings Initiates Quarterly Cash Dividend and Declares Initial $0.08 Per Share Dividend

Rhea-AI Summary

Cadre Holdings, Inc. has declared a quarterly cash dividend of $0.08 per share, equating to $0.32 annually. The initial payment will occur on December 7, 2021, for shareholders of record by November 22, 2021. Cadre, based in Jacksonville, Florida, specializes in safety equipment for first responders, including body armor and duty gear, serving over 104 countries. Future dividend declarations will depend on the Board's discretion.

Positive

• Quarterly cash dividend of $0.08 per share enhances shareholder income.
• First dividend payment reflects company confidence in cash flow.

Negative

• Future dividends are subject to Board discretion, introducing uncertainty.

JACKSONVILLE, Fla., Nov. 11, 2021 /PRNewswire/ -- Cadre Holdings, Inc. ("Cadre" or "the Company"), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, 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 first dividend payment will be made on December 7, 2021, to shareholders of record as of the close of business on the record date of November 22, 2021. 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

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 (CDRE)?

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

When will Cadre (CDRE) pay its first dividend?

Cadre's first dividend payment will be made on December 7, 2021.

Who is eligible for the Cadre (CDRE) dividend payment?

Shareholders of record as of November 22, 2021, are eligible for the dividend.

How often does Cadre (CDRE) pay dividends?

Cadre intends to pay dividends quarterly, subject to Board approval.

What factors could affect future dividends for Cadre (CDRE)?

Future dividends are subject to the discretion of the Board of Directors.