CLEAR Secure, Inc. (YOU) to Issue Quarterly Dividend of $0.15 on September 24th

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

CLEAR Secure has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of CLEAR Secure stock opened at $44.12 on Tuesday. The firm has a market cap of $5.97 billion, a PE ratio of 30.01 and a beta of 1.04. CLEAR Secure has a 1 year low of $29.43 and a 1 year high of $69.07. The stock has a fifty day moving average price of $50.60 and a 200-day moving average price of $51.33.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, equities analysts anticipate that CLEAR Secure will post 1.88 EPS for the current fiscal year.

Insider Transactions at CLEAR Secure

In related news, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction 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 owned 29,519 shares in the company, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $44.47, for a total transaction of $93,564.88. Following the sale, the chief accounting officer owned 15,870 shares of the company’s stock, valued at approximately $705,738.90. The trade was a 11.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CLEAR Secure

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in CLEAR Secure by 5,221.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company’s stock valued at $303,055,000 after purchasing an additional 5,335,727 shares during the period. Durable Capital Partners LP increased its position in CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares during the period. Wedge Capital Management L L P NC bought a new position in CLEAR Secure in the 2nd quarter worth $82,542,000. Jacobs Levy Equity Management Inc. lifted its position in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,439,873 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after purchasing an additional 909,152 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.