Clarus Co. (NASDAQ:CLAR) Announces $0.03 Quarterly Dividend

Clarus Co. (NASDAQ:CLAR) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.025 per share on Wednesday, March 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Monday, March 17th.

Clarus has a dividend payout ratio of 1,000.0% indicating that 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 $0.15 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 66.7%.

Clarus Stock Down 0.9 %

CLAR stock opened at $4.26 on Friday. Clarus has a fifty-two week low of $3.89 and a fifty-two week high of $7.55. The firm’s 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.53. The stock has a market cap of $163.42 million, a PE ratio of 32.77 and a beta of 0.82.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.