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

Clear Secure, Inc. (NYSE:YOU) declared 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 2.27%. The ex-dividend date of this dividend is Monday, June 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09.

Clear Secure Stock Performance

NYSE YOU traded down $0.47 during trading hours on Wednesday, reaching $17.61. The company’s stock had a trading volume of 2,967,387 shares, compared to its average volume of 1,539,514. The company’s 50-day moving average is $19.17 and its two-hundred 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 stock 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 released its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. During the same period in the prior year, the business earned ($0.12) earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts expect that Clear Secure will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the transaction, the insider now owns 41,727 shares in the company, valued at approximately $834,540. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.