NEW YORK - Clear Secure, Inc. (NYSE: YOU), a technology company specializing in identity verification, has declared a special cash dividend of $0.32 per share. The dividend is scheduled to be paid on April 8, 2024, to shareholders recorded by April 1, 2024.
The dividend will be distributed to both Class A and Class B stockholders and is being funded through cash distributions received from Alclear Holdings, LLC. These distributions to Clear Secure include both mandatory tax distributions and discretionary distributions.
Clear Secure operates a platform aimed at streamlining the identification process for various services, including travel and event access. The company, which boasts over 20 million members, emphasizes the importance of privacy and security, assuring that it does not sell member data.
This announcement of a special dividend comes as part of the company's financial strategies and reflects its current cash position. Clear Secure has made it clear that this declaration is a direct transaction with its stockholders and should not be interpreted as an indicator of future financial decisions.
Investors are reminded that forward-looking statements, such as those regarding future dividends or financial performance, involve risks and uncertainties. These statements are not guarantees of future results, and actual outcomes may differ. Clear Secure advises referring to the "Risk Factors" section in their Annual Report on Form 10-K filed with the Securities and Exchange Commission for a detailed discussion of potential risks.
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