CLEAR Announces $0.10 Regular Quarterly Cash Dividend
Rhea-AI Summary
CLEAR Secure, Inc. (NYSE: YOU) has announced a regular quarterly dividend of $0.10 per share, payable on September 17, 2024. The dividend will be distributed to holders of both Class A and Class B Common Stock on record as of September 10, 2024. The payment will be funded through proportionate cash distributions from CLEAR's subsidiary.
The company's Board of Directors will determine future dividends based on various factors, including CLEAR's financial performance, cash flows, capital requirements, and general business conditions. The declaration, timing, and amount of future dividends remain subject to Board discretion and approval.
Positive
- Regular quarterly dividend of $0.10 per share announced
- Dividend payment indicates positive cash flow and shareholder value focus
Negative
- Future dividends subject to various factors and Board approval, indicating potential uncertainty
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 22 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.
Media Contact:
CLEAR
media@clearme.com
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SOURCE CLEAR
FAQ
When will CLEAR Secure (NYSE: YOU) pay its next dividend?
What is the record date for CLEAR Secure's (NYSE: YOU) upcoming dividend?
How much is CLEAR Secure's (NYSE: YOU) quarterly dividend?
Are both Class A and Class B Common Stock holders eligible for CLEAR Secure's (NYSE: YOU) dividend?
