Cadre Hldgs's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cadre Holdings (NYSE:CDRE) has announced a quarterly dividend of 8.75 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid out on February 16, 2024. The stock is expected to open 8.75 cents lower on the ex-dividend date to reflect the payout.
January 29, 2024 | 2:45 pm
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Cadre Holdings will pay a quarterly dividend of 8.75 cents per share, with the ex-dividend date being this Thursday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of Cadre Holdings is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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