Clarus Announces $0.025 Per Share Quarterly Dividend
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Insights
The declaration of a regular quarterly cash dividend by Clarus Corporation is a significant signal to investors, indicating the company's current financial health and its management's confidence in the ability to generate consistent cash flow. The dividend payout, albeit modest at $0.025 per share, suggests a commitment to providing shareholders with a tangible return on investment. This move can be seen as a positive reinforcement of the company's stability and could potentially attract dividend-seeking investors.
However, it is crucial to scrutinize the dividend yield, which is calculated by dividing the annual dividends per share by the stock's price per share. If the yield is higher than what is typical in the industry, it may indicate that the stock is undervalued. Conversely, a lower yield could suggest an overvalued stock or a company conservatively managing its cash due to potential future investments or uncertainty in the market. Investors should compare this yield with industry standards and consider the company's long-term growth prospects and payout ratio, which reflects the proportion of earnings paid out as dividends.
Clarus Corporation's dividend announcement also provides insight into the company's market positioning within the outdoor and consumer enthusiast sectors. A regular dividend payout can imply a mature company with a stable customer base, which may not be reinvesting all of its profits back into the business for growth but rather rewarding its shareholders. This could be indicative of the company's lifecycle stage and competitive dynamics within the market.
Furthermore, the impact of such a dividend on the stock market can be multifaceted. It could lead to a temporary increase in the stock price leading up to the ex-dividend date, as investors might purchase shares to receive the dividend. Post the ex-dividend date, the stock price might witness a drop equivalent to the dividend paid. Long-term investors might view the consistency of dividend payments as a sign of a reliable investment, while traders might leverage the dividend announcement for short-term gains.
SALT LAKE CITY, March 05, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, announced that its board of directors has confirmed the Company’s regular quarterly cash dividend of
The cash dividend will be paid on March 28, 2024, to all stockholders of record as of March 18, 2024.
About Clarus Corporation
Headquartered in Salt Lake City, Utah, Clarus Corporation is a global leading designer, developer, manufacturer and distributor of best-in-class outdoor equipment and lifestyle products focused on the outdoor enthusiast markets. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are principally sold globally under the Black Diamond®, Rhino-Rack®, MAXTRAX®, TRED Outdoors® brand names through outdoor specialty and online retailers, our own websites, distributors, and original equipment manufacturers. Our portfolio of iconic brands is well-positioned for sustainable, long-term growth underpinned by powerful industry trends across the outdoor and adventure sport end markets. For additional information, please visit www.claruscorp.com or the brand websites at www.blackdiamondequipment.com, www.rhinorack.com, www.maxtrax.com.au, www.tredoutdoors.com, or www.pieps.com.
Forward-Looking Statements
Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Any number of factors could cause actual results to differ materially from projections or forward-looking statements in this press release, including, but not limited to, those risks and uncertainties more fully described from time to time in the Company's public reports filed with the Securities and Exchange Commission, including under the section titled “Risk Factors” in the Company's Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.
Company Contact:
Michael J. Yates
Chief Financial Officer
Tel 1‐801-993‐1304
mike.yates@claruscorp.com
Investor Relations Contact:
The IGB Group
Leon Berman / Matt Berkowitz
Tel 1-212-477-8438 / 1-212-227-7098
lberman@igbir.com / mberkowitz@igbir.com
FAQ
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