CLEAR Announces Quarterly Dividend, Special Dividend and Increase to its Share Repurchase Authorization

Core Points - Clear Secure, Inc. declared a quarterly dividend of $0.125 per share and a special cash dividend of$0.27 per share, payable on March 18, 2025, to holders of record as of March 10, 2025 [1] - The dividends will be funded from cash distributions made by Alclear Holdings, LLC, which include mandatory tax distributions and discretionary distributions [2] - The Board authorized a $200 million increase to the existing Class A Common Stock share repurchase program, resulting in an aggregate remaining authorization of approximately$232 million after using approximately $68 million [3] Future Considerations - The declaration, timing, and amount of future dividends will depend on various factors including the Company's operational results, cash flows, financial position, capital requirements, and general business conditions [4] - The timing and actual number of shares repurchased will be determined by management based on stock price, trading volume, market conditions, and other business considerations [4] Company Overview - CLEAR's mission is to create frictionless experiences, with over 27 million members and a growing network of partners globally [5] - The identity platform aims to transform everyday experiences, ensuring members have control over their information and that member data is not sold [5]