CLEAR Announces $0.10 Regular Quarterly Cash Dividend

Rhea-AI Summary

CLEAR Secure, Inc. (NYSE: YOU) announced a regular quarterly cash dividend of $0.10 per share, payable on June 18, 2024, to holders of record of Class A and Class B Common Stock as of June 10, 2024. The dividend will be funded from cash distributions by its subsidiary. Future dividends will be subject to the Board's discretion and approval, dependent on various factors including financial performance and business conditions.

NEW YORK, May 7, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.10 per share, payable on June 18, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on June 10, 2024.

The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary.

The declaration, timing and amount of any future dividends will be subject to the discretion and approval of the Board and will depend on a number of factors, including CLEAR's results of operations, cash flows, financial position and capital requirements, as well as general business conditions, legal, tax and regulatory restrictions and other factors the Board deems relevant at the time it determines to declare such dividends.

ABOUT CLEAR
CLEAR's mission is to create frictionless experiences. With over 20 million members and a growing network of partners across the world, CLEAR's identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell member data. For more information, visit clearme.com.

Forward-Looking Statements
This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company's filings within the Securities and Exchange Commission, including the sections titled "Risk Factors" in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

CLEAR
media@clearme.com

 

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SOURCE CLEAR

FAQ

When will CLEAR pay the regular quarterly cash dividend?

CLEAR will pay the regular quarterly cash dividend on June 18, 2024.

How much is the regular quarterly cash dividend per share?

The regular quarterly cash dividend is $0.10 per share.

What is the record date for the holders of Class A and Class B Common Stock?

The record date for holders of Class A and Class B Common Stock is June 10, 2024.

How will the quarterly dividend be funded?

The quarterly dividend will be funded from proportionate cash distributions by CLEAR's subsidiary.

What factors will determine the future declaration of dividends?

Future dividends will depend on factors such as CLEAR's financial performance, cash flows, and general business conditions, subject to the Board's discretion and approval.