Clarus (CLAR) Declares $0.02 Dividend
Clarus said on April 28, 2023 that its board of directors declared a regular quarterly dividend of $0.02 per share ($0.10 annualized). Previously, the company paid $0.02 per share.
Shares must be purchased before the ex-div date of May 5, 2023 to qualify for the dividend. Shareholders of record as of May 8, 2023 will receive the payment on May 19, 2023.
At the current share price of $9.73 / share, the stock's dividend yield is 1.03%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.76%, the lowest has been 0.32%, and the highest has been 1.41%. The standard deviation of yields is 0.28 (n=228).
The current dividend yield is 0.96 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -0.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.00%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 19 funds or institutions reporting positions in Clarus. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to CLAR is 0.01%, an increase of 6.96%. Total shares owned by institutions decreased in the last three months by 0.00% to 1,719K shares. 
The put/call ratio of CLAR is 0.72, indicating a bullish outlook.
Analyst Price Forecast Suggests 43.77% Upside
As of April 24, 2023, the average one-year price target for Clarus is 13.99. The forecasts range from a low of 9.09 to a high of $23.10. The average price target represents an increase of 43.77% from its latest reported closing price of 9.73.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Clarus is 467MM, an increase of 4.11%. The projected annual non-GAAP EPS is 1.17.
What are Other Shareholders Doing?
DISVX - Dfa International Small Cap Value Portfolio - Institutional Class holds 1,006K shares representing 2.71% ownership of the company. No change in the last quarter.
DFIEX - International Core Equity Portfolio - Institutional Class holds 284K shares representing 0.77% ownership of the company. No change in the last quarter.
DFA INVESTMENT TRUST CO - The Canadian Small Company Series holds 237K shares representing 0.64% ownership of the company. No change in the last quarter.
OWSMX - Old Westbury Small & Mid Cap Strategies Fund holds 26K shares representing 0.07% ownership of the company. No change in the last quarter.
DFAX - Dimensional World ex U.S. Core Equity 2 ETF holds 26K shares representing 0.07% ownership of the company. No change in the last quarter.
Clarus Background Information
(This description is provided by the company.)
Headquartered in Salt Lake City, Utah, Clarus Corporation is a leading developer, manufacturer and distributor of best-in class outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport markets. With a strong reputation for innovation, style, quality, design, safety and durability, Clarus' portfolio of iconic brands includes Black Diamond®, Sierra®, Barnes®, PIEPS®, and SKINourishment® sold through specialty and online retailers, distributors and original equipment manufacturers throughout the U.S. and internationally.
This story originally appeared on Fintel.