Cadre Holdings Increases Dividend
January 23 2024 - 4:15PM
Business Wire
Declares Quarterly Dividend of $0.0875 Per
Share; 9% Increase on Annualized Basis
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
$0.0875 per share, or $0.35 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 9%,
over the previous annualized dividend of $0.32 per share. Cadre's
dividend payment will be made on February 16, 2024 to shareholders
of record as of the close of business on the record date of
February 2, 2024. 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, “The
increased dividend reflects our continued strategic execution,
strong free cash flows, and confidence in our businesses’
fundamentals moving forward. We are committed to providing a return
to our shareholders, while meeting the needs of our customers and
continuing to capitalize on organic and acquisition opportunities
ahead. Supported by strong secular tailwinds and favorable industry
dynamics, we believe Cadre is ideally positioned to expand our
technical products platform and build significant value for
investors.”
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240123600560/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
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