CLEAR Secure, Inc. (NYSE:YOU) Plans Quarterly Dividend of $0.13

Key Points

• CLEAR Secure, Inc. declared a quarterly dividend of $0.13 per share, with a yield of 1.5%, aimed at rewarding shareholders.
• The company reported $0.26 earnings per share (EPS) for the latest quarter, exceeding analyst expectations, despite a yearly decline from $0.34 EPS last year.
• Currently, CLEAR Secure has a payout ratio of 31.3% and is expected to maintain a sustainable dividend future with a projected EPS of $1.04 next year.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.125 per share on Wednesday, September 17th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th.

CLEAR Secure has a dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Analysts expect CLEAR Secure to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 48.1%.

CLEAR Secure Trading Up 0.1%

NYSE:YOU traded up $0.04 during midday trading on Friday, hitting $31.97. 1,582,694 shares of the company were exchanged, compared to its average volume of 1,693,674. The company has a fifty day simple moving average of $28.10 and a 200 day simple moving average of $25.96. CLEAR Secure has a fifty-two week low of $21.67 and a fifty-two week high of $38.88. The company has a market capitalization of $4.25 billion, a PE ratio of 19.98 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The company had revenue of $219.47 million for the quarter, compared to analyst estimates of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. CLEAR Secure's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts expect that CLEAR Secure will post 0.98 EPS for the current year.

About CLEAR Secure

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.