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

by · The Markets Daily

CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.15 per share on Thursday, December 24th. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, December 10th.

CLEAR Secure has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CLEAR Secure to earn $2.46 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 24.4%.

CLEAR Secure Price Performance

YOU stock traded up $11.18 during midday trading on Wednesday, reaching $58.94. The company had a trading volume of 6,743,349 shares, compared to its average volume of 1,664,319. CLEAR Secure has a 1 year low of $30.76 and a 1 year high of $69.07. The company has a market capitalization of $7.97 billion, a P/E ratio of 40.10 and a beta of 0.99. The firm has a 50-day moving average price of $43.10 and a 200-day moving average price of $47.62.

CLEAR Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $292.85 million for the quarter, compared to analyst estimates of $286.65 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, equities analysts predict that CLEAR Secure will post 1.88 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Dennis W. Liu sold 2,104 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the sale, the chief accounting officer directly owned 15,870 shares in the company, valued at approximately $705,738.90. The trade was a 11.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Michael Z. Barkin sold 11,444 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president directly owned 11,550 shares of the company’s stock, valued at $519,750. This trade represents a 49.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is currently owned by corporate insiders.

Institutional Trading of CLEAR Secure

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in shares of CLEAR Secure by 3.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 22,228 shares of the company’s stock valued at $928,000 after buying an additional 828 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of CLEAR Secure by 22.6% in the third quarter. Alps Advisors Inc. now owns 13,739 shares of the company’s stock worth $576,000 after buying an additional 2,537 shares during the period. CenterBook Partners LP bought a new stake in shares of CLEAR Secure in the 3rd quarter valued at about $2,928,000. Kestra Private Wealth Services LLC lifted its stake in shares of CLEAR Secure by 9.5% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,511 shares of the company’s stock valued at $273,000 after acquiring an additional 567 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of CLEAR Secure by 2.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 21,442 shares of the company’s stock valued at $899,000 after acquiring an additional 600 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

About CLEAR Secure

(Get Free Report)

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.

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