CLEAR Secure, Inc. (YOU) to Issue Special Dividend of $0.20 on March 24th

CLEAR Secure, Inc. (NYSE:YOU) announced a special dividend on Monday, February 23rd. Investors of record on Tuesday, March 10th will be paid a dividend of 0.20 per share on Tuesday, March 24th. This represents a yield of 129.0%. The ex-dividend date is Tuesday, March 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 $1.04 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 57.7%.

CLEAR Secure Stock Down 2.3%

Shares of NYSE YOU opened at $46.31 on Friday. The firm’s fifty day moving average is $36.20 and its 200 day moving average is $35.28. CLEAR Secure has a 52 week low of $23.00 and a 52 week high of $50.46. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 41.35 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. Equities research analysts anticipate that CLEAR Secure will post 0.98 earnings per share for the current year.

Insider Activity at CLEAR Secure

In related news, President Michael Z. Barkin sold 22,885 shares of the business’s stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the transaction, the president owned 5,669 shares in the company, valued at $273,359.18. The trade was a 80.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 7,950 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $48.57, for a total transaction of $386,131.50. Following the completion of the transaction, the chief accounting officer directly owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. The trade was a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 135,020 shares of company stock worth $6,025,890. 39.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares in the last quarter. Allworth Financial LP raised its holdings in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in CLEAR Secure during the first quarter valued at $28,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in CLEAR Secure during the third quarter valued at $50,000. Institutional investors own 73.80% of the company’s stock.

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.