Clarus Co. (NASDAQ:CLAR - Get Free Report) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.025 per share on Wednesday, March 26th. This represents a $0.10 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, March 17th.
Clarus has a payout ratio of 1,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Clarus to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 66.7%.
Clarus Price Performance
Shares of NASDAQ CLAR traded up $0.17 during mid-day trading on Friday, hitting $4.43. The company had a trading volume of 305,429 shares, compared to its average volume of 133,423. The company has a market capitalization of $169.94 million, a PE ratio of 34.08 and a beta of 0.82. The business's 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.53. Clarus has a 1-year low of $3.89 and a 1-year high of $7.55.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital decreased their price objective on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clarus has a consensus rating of "Hold" and an average price target of $6.00.
View Our Latest Stock Report on CLAR
About Clarus
(
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Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.
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