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SALT LAKE CITY - Clarus Corporation (NASDAQ:CLAR), a company focused on outdoor enthusiast markets, announced Wednesday that its board of directors has confirmed a regular quarterly cash dividend of $0.025 per share. The company has maintained dividend payments for 8 consecutive years, with a current annual yield of 2.64%. According to InvestingPro analysis, Clarus appears undervalued at its current market capitalization of $142 million.
The dividend will be paid on August 20, 2025, to stockholders of record as of August 11, 2025.
Clarus, headquartered in Salt Lake City, designs and develops equipment and lifestyle products for outdoor enthusiasts. The company’s products are sold globally under several brand names including Black Diamond, Rhino-Rack, MAXTRAX, TRED Outdoors, and RockyMounts through specialty retailers, online channels, and distributors.
The announcement was made in a company press release.
In other recent news, Clarus Corporation reported its first-quarter 2025 earnings, revealing a 13% decline in net sales compared to the previous year. The company’s revenues amounted to $60.4 million, which fell short of the $76.19 million forecast by analysts. Additionally, Clarus completed the sale of its PIEPS brand and JetForce avalanche pack intellectual property assets to a private investment firm for approximately $9.1 million. This transaction is part of the company’s strategy to streamline operations and refine its product portfolio.
Following its annual stockholders’ meeting, Clarus announced changes to its board of directors. Michael A. Henning and Donald L. House concluded their terms and chose not to stand for re-election, with no disagreements cited as the reason for their departure. The stockholders elected five directors: Warren B. Kanders, Nicholas Sokolow, Susan Ottmann, Roger Werner, and Mark M. Besca. These recent developments reflect Clarus Corporation’s ongoing efforts to adjust its strategic direction and governance structure.
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