CLEAR Announces Quarterly Dividend, Special Dividend and Increase to its Share Repurchase Authorization
Rhea-AI Summary
CLEAR (NYSE: YOU) has announced multiple shareholder-friendly initiatives. The Board of Directors declared a quarterly dividend of $0.125 per share and a special cash dividend of $0.27 per share, both payable on March 18, 2025, to holders of Class A and B Common Stock as of March 10, 2025.
The company will fund these dividends through cash distributions from Alclear Holdings, , comprising both mandatory tax and discretionary distributions. Additionally, the Board has authorized a $200 million increase to its existing share repurchase program, bringing the total remaining authorization to approximately $232 million after utilizing about $68 million post-Q324.
Positive
- New quarterly dividend of $0.125 per share established
- Special dividend of $0.27 per share announced
- $200 million increase in share repurchase authorization
- Total buyback capacity increased to $232 million
Negative
- None.
News Market Reaction – YOU
In the trading session that priced this news, YOU gained 5.18%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the “Board”) declared a quarterly dividend of
The Company will fund the payment of the dividends from proportionate 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.
In addition, the Company announced that its Board authorized a
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. The timing and actual number of shares repurchased pursuant the Company’s repurchase program will be determined by management depending on a variety of factors, including stock price, trading volume, market conditions, and other general business considerations.
About CLEAR
CLEAR's mission is to create frictionless experiences. With over 27 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
This press release was published by a CLEAR® Verified individual.
