CLEAR Announces $0.25 Special Cash Dividend
Clear Secure, Inc. (NYSE: YOU) has declared a special cash dividend of $0.25 per share, payable on December 7, 2022. The dividend will benefit Class A and Class B common stockholders on record as of November 28, 2022. The payment is funded through approximately $38 million from the company's subsidiary, Alclear Holdings, LLC. CEO Caryn Seidman-Becker emphasized the company's commitment to growth, free cash flow, and returning capital to shareholders, highlighting their robust subscription model and strong balance sheet as key assets to achieve these goals.
- Declaration of a special cash dividend of $0.25 per share.
- Dividend payment funded by $38 million from subsidiary Alclear Holdings.
- Strong commitment to returning capital to shareholders.
- Robust subscription model and strong balance sheet support business growth.
- None.
NEW YORK, Nov. 14, 2022 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) today announced that CLEAR's Board of Directors has approved and declared a special cash dividend in the amount of
"As we wrote in our IPO prospectus letter, we are fervent believers in the AND - growth, free cash flow, AND economic capital allocation to maximize long-term returns. Our subscription model and strong balance sheet enable us to invest in the growth of our business AND return capital to shareholders - whether in the form of opportunistic share repurchases or dividends," said Caryn Seidman-Becker, CEO.
The Company will fund the payment of the special cash dividend from proportionate cash distributions by its subsidiary, Alclear Holdings, LLC, to all of its members as of the Record Date, including holders of non-controlling interests in Alclear and the Company, of approximately
Founded in 2010, CLEAR's mission is to create frictionless experiences. With more than 14+ million members and hundreds of partners across the world, CLEAR's identity platform is transforming the way people live, work, and travel. Whether it's at the airport, stadium, or right on your phone, CLEAR connects you to the things that make you, you making everyday experiences easier, more secure, and more seamless. Since day one, CLEAR has been committed to privacy done right. Members are always in control of their own information, and we never sell member data.
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 for the fiscal year ended December 31, 2021 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. The Company disclaims any obligation to update any forward-looking statements contained herein.
View original content:https://www.prnewswire.com/news-releases/clear-announces-0-25-special-cash-dividend-301675415.html
SOURCE CLEAR
FAQ
What is the dividend amount declared by Clear Secure, Inc.?
When is the dividend payment date for Clear Secure, Inc.?
Who is eligible for the dividend from Clear Secure, Inc.?
How is Clear Secure, Inc. funding the special dividend?
What is the significance of the dividend for stockholders?
