Clear Secure, Inc. (YOU) to Issue Quarterly Dividend of $0.10 on June 18th

Clear Secure, Inc. (NYSE:YOU) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Monday, June 10th will be given a dividend of 0.10 per share on Tuesday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, June 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09.

Clear Secure Price Performance

Shares of YOU stock opened at $17.17 on Thursday. The firm has a 50-day moving average of $19.17 and a 200-day moving average of $19.73. Clear Secure has a one year low of $15.28 and a one year high of $27.75. The company has a market cap of $2.73 billion, a P/E ratio of 57.27 and a beta of 1.59.

Clear Secure (NYSE:YOU) last posted its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $170.97 million for the quarter, compared to analysts’ expectations of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. As a group, research analysts expect that Clear Secure will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $150,000.00. Following the sale, the insider now owns 41,727 shares of the company’s stock, valued at approximately $834,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

YOU has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Tuesday, March 26th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Wednesday. Finally, Wedbush reissued a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.40.

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.