Clear Secure, Inc. (YOU) to Issue Quarterly Dividend of $0.13 on March 18th

Clear Secure, Inc. (NYSE:YOU) declared a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 0.125 per share on Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Monday, March 10th.

Clear Secure has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Clear Secure to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 48.1%.

Clear Secure Price Performance

Shares of YOU opened at $23.58 on Friday. The company has a market cap of $3.29 billion, a P/E ratio of 27.42 and a beta of 1.38. The stock has a fifty day moving average price of $25.12 and a 200 day moving average price of $28.51. Clear Secure has a 12 month low of $16.05 and a 12 month high of $38.88.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, December 16th. Stifel Nicolaus upped their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wedbush restated a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Clear Secure currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

About Clear Secure

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.