CLEAR Secure, Inc. Announces Quarterly Dividend of $0.15 (NYSE:YOU)

CLEAR Secure, Inc. (NYSE:YOU) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Thursday, September 10th will be given a dividend of 0.15 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th.

CLEAR Secure has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CLEAR Secure to earn $2.46 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 24.4%.

CLEAR Secure Trading Down 0.5%

YOU opened at $44.12 on Tuesday. The company has a market cap of $5.97 billion, a P/E ratio of 30.01 and a beta of 1.04. The business’s 50-day moving average price is $50.60 and its 200-day moving average price is $51.33. CLEAR Secure has a 12 month low of $29.43 and a 12 month high of $69.07.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same quarter in the previous year, the company posted $0.26 EPS. CLEAR Secure’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts forecast that CLEAR Secure will post 1.88 earnings per share for the current fiscal year.

Insider Buying and Selling at CLEAR Secure

In other news, EVP Kyle McLaughlin sold 4,499 shares of CLEAR Secure stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $200,070.53. Following the sale, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Dennis W. Liu sold 2,104 shares of CLEAR Secure stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the sale, the chief accounting officer owned 15,870 shares in the company, valued at approximately $705,738.90. This represents a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 18,047 shares of company stock valued at $808,615 in the last 90 days. Insiders own 29.70% of the company’s stock.

Institutional Trading of CLEAR Secure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YOU. Geneos Wealth Management Inc. increased its position in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after purchasing an additional 619 shares during the period. Parallel Advisors LLC boosted its stake in shares of CLEAR Secure by 2,283.3% during the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 685 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman?Becker and Ken Cornick, CLEAR is headquartered in New York City.