Why ClearOne Stock Is Soaring

ClearOne, Inc. CLRO shares are trading higher Tuesday after the company declared a one-time special cash dividend of 50 cents per share of ClearOne common stock. 

The Details:

The dividend will be payable on April 10 to shareholders of record on April 2, and because the special cash dividend exceeds 25% of the value of the company’s common stock, a stockholder that sells shares on or prior to April 10 will not receive the one-time special cash dividend for the company shares that are sold.

“We have decided to share this surplus with our shareholders, who continue to support the company’s strategy and vision for future growth,” said Derek Graham, CEO of ClearOne.

“We believe the company has an achievable plan to return to revenue growth and profitability," Graham added.  

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How To Buy CLRO Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in ClearOne’s CLRO case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

CLRO Price Action: According to Benzinga Pro, ClearOne shares are up 115% at $1.94 at the time of publication.

Image: Kiều Trường from Pixabay