Clear Secure, Inc. (NYSE:YOU – Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Tuesday, December 10th will be given a dividend of 0.125 per share on Tuesday, December 17th. This represents a $0.50 annualized dividend 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 dividend payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Research 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 Down 1.9 %
NYSE YOU opened at $36.75 on Friday. Clear Secure has a 52 week low of $16.05 and a 52 week high of $38.04. The firm has a market capitalization of $5.12 billion, a P/E ratio of 47.11 and a beta of 1.65. The company has a 50-day moving average price of $32.54 and a 200-day moving average price of $24.13.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on YOU shares. The Goldman Sachs Group increased their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Telsey Advisory Group increased their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC increased their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.83.
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Insider Activity
In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total value of $8,075,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,173,935 shares of company stock worth $36,826,532. 37.85% of the stock is currently owned by insiders.
Clear Secure Company Profile
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.
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