CLEAR Secure, Inc. (NYSE:YOU) to Issue Quarterly Dividend of $0.15

Key Points

• Dividend: CLEAR declared a quarterly dividend of $0.15 per share (annualized $0.60) payable June 24 to holders of record June 10, implying a 1.0% yield and a current payout ratio of 37.5% (analysts expect it to fall to ~30.3% on projected $1.98 EPS next year).
• Quarterly results: CLEAR beat estimates with EPS of $0.38 vs. $0.35 and revenue of $253.0M (up 19.7% YoY), reporting a 12.12% net margin and a 70.08% return on equity, signaling strong profitability and growth.
• Market reaction and valuation: shares rose about 3% to $60.54, trading near a 52-week high of $61.28, with a market cap of $8.07B and a P/E of 54.05.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, June 10th will be given a dividend of 0.15 per share on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, June 10th.

CLEAR Secure has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CLEAR Secure to earn $1.98 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 30.3%.

CLEAR Secure Trading Up 3.0%

NYSE:YOU traded up $1.77 during mid-day trading on Wednesday, hitting $60.54. The company's stock had a trading volume of 2,987,873 shares, compared to its average volume of 1,704,527. CLEAR Secure has a fifty-two week low of $23.88 and a fifty-two week high of $61.28. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 54.05 and a beta of 1.09. The stock has a fifty day moving average of $49.66 and a 200-day moving average of $39.79.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. The company's quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities analysts anticipate that CLEAR Secure will post 1.62 earnings per share for the current fiscal year.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.