Clarus Corporation Plans Quarterly Dividend of $0.03 (NASDAQ:CLAR)

Clarus Corporation (NASDAQ:CLAR) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 17th will be paid a dividend of 0.025 per share on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 17th.

Clarus has a dividend 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 $0.11 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 90.9%.

Clarus Stock Up 0.3%

Shares of NASDAQ CLAR opened at $3.36 on Thursday. The stock’s 50 day moving average price is $3.17 and its two-hundred day moving average price is $3.09. Clarus has a 52-week low of $2.53 and a 52-week high of $4.03. The stock has a market capitalization of $129.16 million, a P/E ratio of -2.90 and a beta of 1.05.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.