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

CLEAR Secure, Inc. (NYSE:YOU) declared a quarterly dividend on Monday, May 4th. Investors of record on Wednesday, June 10th will be paid a dividend of 0.15 per share on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th.

CLEAR Secure has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CLEAR Secure to earn $2.25 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 26.7%.

CLEAR Secure Trading Down 0.3%

Shares of NYSE:YOU opened at $54.34 on Monday. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 43.82 and a beta of 1.08. CLEAR Secure has a 12 month low of $24.06 and a 12 month high of $62.73. The firm’s 50-day moving average is $54.84 and its 200 day moving average is $43.81.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. As a group, equities analysts forecast that CLEAR Secure will post 1.78 EPS for the current fiscal year.

About CLEAR Secure

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.