Clear Secure, Inc. (NYSE:YOU) to Issue Quarterly Dividend of $0.13

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 given a dividend of 0.125 per share on Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 2.12%.

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 Trading Up 5.3 %

NYSE YOU opened at $23.58 on Friday. Clear Secure has a 1 year low of $16.05 and a 1 year high of $38.88. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 27.42 and a beta of 1.38. The firm’s 50 day simple moving average is $25.12 and its 200 day simple moving average is $28.48.

Wall Street Analysts Forecast Growth

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

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.