Clarus Corporation Plans Quarterly Dividend of $0.03 (NASDAQ:CLAR)

Clarus Corporation (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, May 18th will be given a dividend of 0.025 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, May 18th.

Clarus has a payout ratio of -66.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Clarus to earn $0.12 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 83.3%.

Clarus Price Performance

Clarus stock opened at $2.94 on Thursday. The stock’s 50 day moving average is $2.83 and its 200 day moving average is $3.25. The firm has a market cap of $113.01 million, a P/E ratio of -2.43 and a beta of 1.02. Clarus has a one year low of $2.58 and a one year high of $4.03.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.67 million. Clarus had a negative return on equity of 0.82% and a negative net margin of 18.59%. Equities analysts anticipate that Clarus will post 0.08 earnings per share for the current fiscal year.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.