Clarus Corporation (CLAR) To Go Ex-Dividend on November 16th

Clarus Corporation (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0250 per share on Wednesday, November 25th. This represents a $0.10 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, November 16th.

Clarus has a payout ratio of -66.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Clarus to earn $0.14 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 71.4%.

Clarus Price Performance

Shares of CLAR stock opened at $4.25 on Friday. The firm’s 50-day simple moving average is $3.71 and its 200-day simple moving average is $3.29. Clarus has a 1-year low of $2.53 and a 1-year high of $4.70. The firm has a market cap of $163.37 million, a P/E ratio of 19.22 and a beta of 1.03.

Clarus (NASDAQ:CLAR) last released its earnings results on Thursday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.10. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. The firm had revenue of $71.22 million during the quarter, compared to the consensus estimate of $66.84 million. Analysts expect that Clarus will post 0.25 earnings per share for the current fiscal year.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.

Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.