Clear Secure, Inc. (NYSE:YOU) Announces Quarterly Dividend of $0.13

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 of this dividend is Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10.

Clear Secure has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. 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 Down 1.9 %

NYSE:YOU opened at $36.75 on Friday. Clear Secure has a twelve month low of $16.05 and a twelve month high of $38.04. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 47.11 and a beta of 1.65. The stock has a fifty day simple moving average of $32.54 and a 200-day simple moving average of $24.13.

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

Insider Buying and Selling at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction dated Friday, October 11th. The stock was 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 at the SEC website. In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the firm’s 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 sale, the chief accounting officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. Insiders have sold 1,173,935 shares of company stock worth $36,826,532 over the last quarter. Insiders own 37.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Telsey Advisory Group raised their price target on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus raised their price target on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday. The Goldman Sachs Group raised their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC lifted their target price on Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.83.

Clear Secure Company Profile

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.