Clear Secure, Inc. (NYSE:YOU) Declares Dividend Increase – $0.10 Per Share

Clear Secure, Inc. (NYSE:YOU) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders 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 dividend yield of 2.27%. The ex-dividend date is Monday, June 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.09.

Clear Secure Stock Down 2.6 %

YOU traded down $0.47 on Wednesday, hitting $17.61. The company had a trading volume of 2,967,387 shares, compared to its average volume of 1,539,514. The business’s fifty day simple moving average is $19.17 and its 200 day simple moving average is $19.73. Clear Secure has a 12-month low of $15.28 and a 12-month high of $27.75. The company has a market cap of $2.80 billion, a PE ratio of 57.64 and a beta of 1.59.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $170.97 million during the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. Clear Secure’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, analysts anticipate that Clear Secure will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.40.

Insider Buying and Selling at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the sale, the insider now owns 41,727 shares in the company, valued at $834,540. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 39.94% of the company’s stock.

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.