Cadre Holdings, Inc. (NYSE:CDRE) is about to trade ex-dividend in the next four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company’s books on the record date. Accordingly, Cadre Holdings investors that purchase the stock on or after the 1st of November will not receive the dividend, which will be paid on the 15th of November.
The company’s upcoming dividend is US$0.0875 a share, following on from the last 12 months, when the company distributed a total of US$0.35 per share to shareholders. Based on the last year’s worth of payments, Cadre Holdings stock has a trailing yield of around 0.9% on the current share price…
