CLEAR Announces $0.125 Regular Quarterly Cash Dividend

Rhea-AI Summary

Clear Secure (NYSE: YOU) has announced a regular quarterly dividend of $0.125 per share for both Class A and Class B Common Stock holders. The dividend will be paid on December 17, 2024, to shareholders of record as of December 10, 2024. The payment will be funded through cash distributions from the company's subsidiary. Future dividend declarations will depend on various factors including operational results, cash flows, financial position, and capital requirements.

Positive

• Consistent quarterly dividend payment of $0.125 per share
• Company has sufficient cash flow to maintain dividend payments
• Both Class A and Class B shareholders receive equal dividend treatment

Negative

• Future dividends subject to Board discretion and multiple conditions
• Dividend payment requires cash distribution from subsidiary, indicating parent company may not have direct cash resources

NEW YORK, Oct. 31, 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 $0.125 per share, payable on December 17, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on December 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 25 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 is Clear Secure (YOU) paying its next dividend?

Clear Secure will pay its quarterly dividend of $0.125 per share on December 17, 2024.

What is the record date for Clear Secure's Q4 2024 dividend?

The record date for Clear Secure's Q4 2024 dividend is December 10, 2024.

How much is Clear Secure's (YOU) quarterly dividend per share?

Clear Secure's quarterly dividend is $0.125 per share for both Class A and Class B Common Stock.

Are Clear Secure's (YOU) dividend payments guaranteed?

No, future dividends are subject to Board discretion and depend on factors including operational results, cash flows, financial position, and capital requirements.