Clarus Co. (NASDAQ:CLAR) Announces $0.03 Quarterly Dividend

Clarus Co. (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.025 per share on Wednesday, March 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.33%.

Clarus has a payout ratio of 1,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Clarus to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 66.7%.

Clarus Stock Down 2.1 %

Clarus stock traded down $0.09 during midday trading on Wednesday, reaching $4.30. 222,146 shares of the stock traded hands, compared to its average volume of 126,960. The stock’s fifty day moving average is $4.67 and its 200-day moving average is $4.53. The stock has a market cap of $164.96 million, a P/E ratio of 33.08 and a beta of 0.82. Clarus has a 12 month low of $3.89 and a 12 month high of $7.55.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.