ClearOne, Inc. (NASDAQ:CLRO) Declares $0.07 Quarterly Dividend
ClearOne, Inc. (NASDAQ:CLRO) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Tuesday, August 22nd will be given a dividend of 0.07 per share by the communications equipment provider on Thursday, September 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, August 18th.
ClearOne (NASDAQ CLRO) traded down 4.15% during midday trading on Wednesday, reaching $9.25. 3,180 shares of the company’s stock were exchanged. ClearOne has a 12-month low of $8.96 and a 12-month high of $12.60. The firm has a 50-day moving average price of $9.65 and a 200 day moving average price of $10.46. The company has a market cap of $80.51 million, a price-to-earnings ratio of 136.03 and a beta of 1.26.
ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.12. ClearOne had a return on equity of 3.68% and a net margin of 1.29%. The company had revenue of $11.68 million during the quarter, compared to the consensus estimate of $12.97 million. On average, analysts expect that ClearOne will post $0.40 EPS for the current fiscal year.
Several research analysts have commented on CLRO shares. Zacks Investment Research upgraded shares of ClearOne from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. B. Riley restated a “buy” rating and issued a $12.50 price objective on shares of ClearOne in a report on Tuesday, May 16th.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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