Clear Secure, Inc. (NYSE:YOU) Announces Dividend Increase – $0.32 Per Share

Clear Secure, Inc. (NYSE:YOU) announced a None dividend on Thursday, March 21st, NASDAQ reports. Shareholders of record on Monday, April 1st will be given a dividend of 0.32 per share on Monday, April 8th. The ex-dividend date is Thursday, March 28th. This is an increase from Clear Secure’s previous None dividend of $0.25.

Clear Secure has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Clear Secure to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 67.9%.

Clear Secure Trading Up 0.8 %

Shares of YOU stock opened at $21.42 on Wednesday. The stock has a 50 day moving average of $19.50 and a two-hundred day moving average of $19.68. Clear Secure has a 12 month low of $15.28 and a 12 month high of $27.93. The company has a market capitalization of $3.40 billion, a P/E ratio of 71.40 and a beta of 1.52.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Clear Secure had a return on equity of 9.66% and a net margin of 4.58%. The company had revenue of $170.97 million during the quarter, compared to the consensus estimate of $166.56 million. During the same quarter last year, the company earned ($0.12) EPS. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Sell-side analysts predict that Clear Secure will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on YOU shares. TheStreet upgraded Clear Secure from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a research report on Tuesday. Wells Fargo & Company restated an “underweight” rating and set a $20.00 target price on shares of Clear Secure in a research report on Wednesday, December 20th. Wedbush restated a “neutral” rating and set a $23.00 target price on shares of Clear Secure in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.80.

Insider Buying and Selling

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the completion of the sale, the insider now directly owns 41,727 shares of the company’s stock, valued at $834,540. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 39.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. Virtus Fund Advisers LLC bought a new position in Clear Secure during the fourth quarter worth about $31,000. Quarry LP bought a new position in Clear Secure during the first quarter worth about $38,000. Point72 Hong Kong Ltd bought a new position in Clear Secure during the second quarter worth about $45,000. Royal Bank of Canada lifted its holdings in shares of Clear Secure by 20.9% in the third quarter. Royal Bank of Canada now owns 2,357 shares of the company’s stock valued at $54,000 after purchasing an additional 407 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Clear Secure in the second quarter valued at about $73,000. 73.80% of the stock is currently owned by institutional investors.

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.