Clear Secure, Inc. (YOU) To Go Ex-Dividend on December 10th

Clear Secure, Inc. (NYSE:YOU) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, December 10th will be given a dividend of 0.125 per share on Tuesday, December 17th. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10.

Clear Secure has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Clear Secure to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 31.0%.

Clear Secure Trading Up 0.2 %

Shares of NYSE:YOU opened at $36.84 on Friday. The firm has a 50 day moving average of $32.71 and a 200-day moving average of $24.25. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.04. The stock has a market capitalization of $5.13 billion, a PE ratio of 47.23 and a beta of 1.63.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. On average, research analysts predict that Clear Secure will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus upped their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Friday. Finally, Telsey Advisory Group upped their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and an average price target of $31.83.

Insider Transactions at Clear Secure

In related news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at $255,581.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,173,935 shares of company stock worth $36,826,532. Company insiders own 37.85% of the company’s stock.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.