Clarus Corporation announced that its board of directors has reinstated the company’s quarterly cash dividend of $0.025 per share.
The cash dividend will be paid on November 20, 2020, to all stockholders of record as of November 9, 2020.
“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,” said Warren Kanders, executive chairman of Clarus. “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.”
Clarus’ portfolio of brands includes Black Diamond, Sierra, Barnes, PIEPS, and SKINourishment.