Clear Secure, Inc. (NYSE:YOU) Raises Dividend to $0.10 Per Share

Clear Secure, Inc. (NYSE:YOU - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Monday, June 10th will be paid a dividend of 0.10 per share on Tuesday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.09.

Clear Secure Trading Down 5.0 %

NYSE:YOU traded down $0.91 on Wednesday, reaching $17.17. 6,560,964 shares of the stock traded hands, compared to its average volume of 1,581,297. The company's fifty day simple moving average is $19.17 and its 200 day simple moving average is $19.73. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 57.27 and a beta of 1.59. Clear Secure has a 12 month low of $15.28 and a 12 month high of $27.75.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The business had revenue of $170.97 million for the quarter, compared to analysts' expectations of $166.56 million. During the same period in the prior year, the firm posted ($0.12) EPS. The firm's quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts anticipate that Clear Secure will post 0.54 EPS for the current fiscal year.

Insider Transactions at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the transaction, the insider now directly owns 41,727 shares in the company, valued at $834,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

YOU has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Clear Secure in a report on Wednesday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $34.00 target price on shares of Clear Secure in a research report on Tuesday, March 26th. Finally, Wedbush reissued a "neutral" rating and set a $21.00 price target on shares of Clear Secure in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.