Clear Secure, Inc. (NYSE:YOU) Announces $0.13 Quarterly Dividend

Clear Secure, Inc. (NYSE:YOU) announced 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 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Monday, March 10th.

Clear Secure has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.0 %

Shares of YOU opened at $25.63 on Friday. The company’s 50-day moving average price is $24.62 and its 200 day moving average price is $28.33. The firm has a market cap of $3.57 billion, a P/E ratio of 29.80 and a beta of 1.37. Clear Secure has a 12-month low of $16.05 and a 12-month high of $38.88.

Analyst Upgrades and Downgrades

Several research firms have recently commented on YOU. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus cut their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

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.