Clear Secure, Inc. (NYSE:YOU) to Issue Quarterly Dividend of $0.10

Clear Secure, Inc. (NYSE:YOU) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Monday, June 10th will be given a dividend of 0.10 per share on Tuesday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. 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 Performance

NYSE YOU opened at $17.17 on Thursday. The business’s fifty day moving average is $19.17 and its 200 day moving average is $19.73. Clear Secure has a fifty-two week low of $15.28 and a fifty-two week high of $27.75. The company has a market capitalization of $2.73 billion, a PE ratio of 57.27 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $170.97 million for the quarter, compared to analysts’ expectations of $166.56 million. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The business’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) EPS. On average, sell-side analysts forecast that Clear Secure will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YOU shares. Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research report on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research note 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 company. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Hold” and a consensus target price of $28.40.

Insider Activity

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

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.