Clarus Corporation (NASDAQ:CLAR) announced that its board of directors has reinstated quarterly dividend of $ 0.025 per share, or $ 0.10 annualized.
The dividend will be payable on November 20, 2020, to stockholders of record on November 9, 2020, with an ex-dividend date of November 6, 2020.
Warren Kanders, Executive Chairman of Clarus, said, As Clarus continues to recover from the height of the COVID-19 pandemic, we are returning to the cash payment of our regular quarterly dividend initiated over two years ago. When we temporarily replaced the cash dividend with a stock dividend earlier this year, we felt it was prudent during the unprecedented times that were upon us. Since then, we have made progress stabilizing the business across our diversified portfolio of brands and we look forward to continue rewarding our long-term shareholders.
Dividends History
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Clarus Corporation recently reported second quarter financial results on August 10, 2020, after market close, the Salt Lake City based company unfold loss for the second quarter of $ 0.04 per share, from the revenue of $ 30.01 million. The quarterly revenues down 36.14 percent compared with the same quarter last year. According to street consensus, CLAR was expected to report 2Q20 loss of $ 0.07 per share from revenue of $ 34.09 million. The bottom line results beat street analysts by $ 0.03 or 42.86 percent, at the same time, top line results fell short of analysts by $ 4.08 million or 11.97 percent.
Stock Performance
Shares of Clarus Corporation traded low $ -0.09 or -0.60 percent on Friday, reaching $ 14.99 with volume of 141.90 thousand shares. Clarus Corporation has traded high as $ 15.26 and has cracked $ 14.96 on the downward trend
According to the previous trading day, closing price of $ 14.99, representing a 91.86 % increase from the 52 week low of $ 7.86 and a 4.13 % decrease over the 52 week high of $ 15.73.
The company has a market capital of $ 465.07 million and is part of the Consumer Cyclical sector and Leisure industry.
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories. It operates in two segments, Black Diamond and Sierra.
