CLEAR Secure, Inc. (YOU) to Distribute Quarterly Dividend of $0.15 on September 24th

CLEAR Secure, Inc. (NYSE:YOU) declared a quarterly dividend on Monday, August 3rd. Investors of record on Thursday, September 10th will be given a dividend of 0.15 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th.

CLEAR Secure has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect CLEAR Secure to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 24.4%.

CLEAR Secure Price Performance

CLEAR Secure stock opened at $44.12 on Tuesday. CLEAR Secure has a 1-year low of $29.43 and a 1-year high of $69.07. The firm has a market capitalization of $5.97 billion, a P/E ratio of 30.01 and a beta of 1.04. The company’s 50-day moving average is $50.60 and its 200 day moving average is $51.33.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. Research analysts anticipate that CLEAR Secure will post 1.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kyle McLaughlin sold 4,499 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,312,709.93. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Dennis W. Liu sold 2,104 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $93,564.88. Following the transaction, the chief accounting officer owned 15,870 shares in the company, valued at approximately $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CLEAR Secure

Large investors have recently modified their holdings of the business. Corient Private Wealth LP raised its position in shares of CLEAR Secure by 45.8% in the 2nd quarter. Corient Private Wealth LP now owns 33,390 shares of the company’s stock valued at $1,861,000 after purchasing an additional 10,493 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CLEAR Secure during the 2nd quarter valued at approximately $334,000. California State Teachers Retirement System increased its stake in CLEAR Secure by 5,221.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company’s stock valued at $303,055,000 after purchasing an additional 5,335,727 shares in the last quarter. Odyssean LLC raised its holdings in shares of CLEAR Secure by 58.3% in the second quarter. Odyssean LLC now owns 19,887 shares of the company’s stock worth $1,108,000 after buying an additional 7,322 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of CLEAR Secure in the second quarter worth $218,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.