Clear Secure, Inc. (NYSE:YOU) Plans Quarterly Dividend of $0.13

Clear Secure, Inc. (NYSE:YOU - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Tuesday, December 10th will be paid a dividend of 0.125 per share on Tuesday, December 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10.

Clear Secure has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Clear Secure to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 31.0%.

Clear Secure Stock Performance

YOU traded up $0.06 on Friday, hitting $36.84. The company had a trading volume of 2,311,419 shares, compared to its average volume of 1,686,016. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 47.23 and a beta of 1.65. The stock has a fifty day moving average price of $32.54 and a 200-day moving average price of $24.13. Clear Secure has a 12-month low of $16.05 and a 12-month high of $38.04.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. During the same quarter in the previous year, the business posted $0.05 EPS. Clear Secure's revenue was up 24.6% on a year-over-year basis. Analysts forecast that Clear Secure will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on YOU. Telsey Advisory Group raised their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday. Needham & Company LLC restated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research note on Friday. The Goldman Sachs Group increased their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.83.

About Clear Secure

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.