Clarus Corporation (NASDAQ:CLAR) Declares $0.03 Quarterly Dividend

Key Points

• Clarus Corporation announced a quarterly dividend of $0.03, with a dividend yield of 2.68% and an annualized payout of $0.10 per share.
• The company has a dividend payout ratio of -66.7%, indicating it cannot cover the dividend from earnings alone, though analysts predict future earnings may allow for the dividend to be covered.
• Clarus stock is currently trading at $3.73, down 1.6%, with several brokerages issuing mixed ratings and target prices, reflecting a general "Hold" sentiment among analysts.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, August 11th will be paid a dividend of 0.025 per share on Wednesday, August 20th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, August 11th.

Clarus has a dividend payout ratio of -66.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Clarus to earn $0.15 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 66.7%.

Clarus Stock Performance

Shares of CLAR traded down $0.43 during trading hours on Friday, reaching $3.17. The stock had a trading volume of 464,638 shares, compared to its average volume of 160,612. Clarus has a 12 month low of $3.02 and a 12 month high of $5.29. The stock has a market capitalization of $121.61 million, a PE ratio of -1.53 and a beta of 0.87. The company's 50-day moving average is $3.53 and its two-hundred day moving average is $3.85.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.