Clarus (CLAR) Declares $0.02 Dividend

Clarus said on August 3, 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.

Shareholders of record as of August 14, 2023 will receive the payment on August 25, 2023.

At the current share price of $8.62 / share, the stock's dividend yield is 1.16%.

Looking back five years and taking a sample every week, the average dividend yield has been 0.75%, the lowest has been 0.32%, and the highest has been 1.34%. The standard deviation of yields is 0.26 (n=227).

The current dividend yield is 1.55 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.

What is the Fund Sentiment?

There are 20 funds or institutions reporting positions in Clarus. This is an increase of 1 owner(s) or 5.26% in the last quarter. Average portfolio weight of all funds dedicated to CLAR is 0.03%, an increase of 159.55%. Total shares owned by institutions increased in the last three months by 10.86% to 1,906K shares. The put/call ratio of CLAR is 0.76, indicating a bullish outlook.

Analyst Price Forecast Suggests 67.35% Upside

As of August 2, 2023, the average one-year price target for Clarus is 14.43. The forecasts range from a low of 10.10 to a high of $23.10. The average price target represents an increase of 67.35% from its latest reported closing price of 8.62.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Clarus is 467MM, an increase of 16.34%. 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 2.70% ownership of the company. No change in the last quarter.

DFIEX - International Core Equity Portfolio - Institutional Class holds 272K shares representing 0.73% ownership of the company. In it's prior filing, the firm reported owning 284K shares, representing a decrease of 4.22%. The firm increased its portfolio allocation in CLAR by 26.53% over the last quarter.

DFA INVESTMENT TRUST CO - The Canadian Small Company Series holds 249K shares representing 0.67% ownership of the company. In it's prior filing, the firm reported owning 237K shares, representing an increase of 4.62%. The firm increased its portfolio allocation in CLAR by 43.68% over the last quarter.

PASIX - PACE Alternative Strategies Investments holds 188K shares representing 0.51% ownership of the company.

OWSMX - Old Westbury Small & Mid Cap Strategies Fund 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.

Additional reading:

• Press Release dated August 7, 2023 (furnished only).
• Clarus Reports First Quarter 2023 Results
• Separation Agreement, dated as of March 31, 2023, between Clarus Corporation and John Walbrecht.
• Employment Agreement, dated as of March 14, 2023, between Clarus Corporation and Warren B. Kanders.
• Clarus Reports Fourth Quarter and Full Year 2022 Results

This story originally appeared on Fintel.