CLEAR Announces $0.32 Special Cash Dividend

Rhea-AI Summary

Clear Secure, Inc. (NYSE: YOU) declares a special cash dividend of $0.32 per share, payable on April 8, 2024, funded by cash from Alclear Holdings, The dividend will be distributed to holders of record of Class A and Class B Common Stock.

NEW YORK, March 21, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced the declaration of a special cash dividend in the amount of $0.32 per share payable on April 8, 2024 to holders of record of the Class A Common Stock and Class B Common Stock as of the close of business on April 1, 2024.

The Company is funding the payment of the special cash dividend with cash received from pro rata cash distributions made by Alclear Holdings, LLC to all of its members, including the Company. The distributions consist of a mandatory tax distribution as well as a discretionary distribution.

About Clear
CLEAR's mission is to create frictionless experiences. With more than 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.

Contact:
Investor Relations
IR@clearme.com

Media
Media@clearme.com 

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SOURCE CLEAR

What is the amount of the special cash dividend declared by Clear Secure, Inc. (YOU)?

Clear Secure, Inc. (NYSE: YOU) has declared a special cash dividend of $0.32 per share.

When will the special cash dividend be payable to shareholders of Clear Secure, Inc. (YOU)?

The special cash dividend declared by Clear Secure, Inc. (NYSE: YOU) will be payable on April 8, 2024.

How is Clear Secure, Inc. (YOU) funding the payment of the special cash dividend?

Clear Secure, Inc. (NYSE: YOU) is funding the payment of the special cash dividend with cash received from pro rata cash distributions made by Alclear Holdings,

Who will receive the special cash dividend declared by Clear Secure, Inc. (YOU)?

The special cash dividend declared by Clear Secure, Inc. (NYSE: YOU) will be distributed to holders of record of the Class A Common Stock and Class B Common Stock.