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

Clear Secure, Inc. (NYSE:YOU - Get Free Report) declared a quarterly dividend on Tuesday, May 6th, RTT News reports. Investors of record on Tuesday, June 10th will be given a dividend of 0.125 per share on Tuesday, June 17th. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%.

Clear Secure has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of YOU stock opened at $25.12 on Tuesday. The stock has a market cap of $3.44 billion, a PE ratio of 29.21 and a beta of 1.25. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88. The business's fifty day moving average is $25.60 and its 200-day moving average is $26.60.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on YOU. Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reduced their price objective on shares of Clear Secure from $42.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Clear Secure has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.

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