Clarus Announces $0.025 Per Share Quarterly Dividend

Rhea-AI Summary

Clarus Corporation (NASDAQ: CLAR) has announced a quarterly cash dividend of $0.025 per share, payable on March 17, 2023, to stockholders of record as of March 7, 2023. The company is dedicated to the outdoor and consumer enthusiast markets and focuses on acquiring and growing high-performing brands under its 'innovate and accelerate' strategy. Clarus markets its products globally under brands like Black Diamond® and Rhino-Rack® through various retail channels. This dividend reflects the company's commitment to returning value to shareholders amidst its ongoing growth initiatives.

Positive

• Quarterly cash dividend of $0.025 per share confirmed, reflecting a commitment to shareholder value.

Negative

• None.

SALT LAKE CITY, Feb. 24, 2023 (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 $0.025 per share.

The cash dividend will be paid on March 17, 2023, to all stockholders of record as of March 7, 2023.

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 and consumer enthusiast markets. Our mission is to identify, acquire and grow outdoor “super fan” brands through our unique “innovate and accelerate” strategy. We define a “super fan” brand as a brand that creates the world’s pre-eminent, performance-defining product that the best-in-class user cannot live without. 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®, Sierra®, and Barnes® 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.sierrabullets.com, www.barnesbullets.com, www.pieps.com, or www.goclimbon.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. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release, include, but are 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 Contacts:
John C. Walbrecht
President
Tel 1‐801‐993‐1344
john.walbrecht@claruscorp.com

Michael J. Yates
Chief Financial Officer
Tel 1‐801-993‐1304
mike.yates@claruscorp.com

Investor Relations Contact:
Gateway Group, Inc.
Cody Slach
Tel 1‐949‐574‐3860
CLAR@gatewayir.com

FAQ

What is the dividend amount for Clarus Corporation?

Clarus Corporation has announced a quarterly cash dividend of $0.025 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 17, 2023.

What is the record date for the dividend?

The record date for the dividend is March 7, 2023.

How does the dividend impact Clarus Corporation's stock?

The dividend distribution is a positive indicator of the company's commitment to returning value to shareholders, which may enhance investor confidence.