Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Clear Secure, Inc. is a technology company operating in the identity verification, biometric authentication, and secure access industries. The company is best known for its CLEAR membership program, which uses biometric identifiers such as fingerprints and iris scans to verify identity and streamline access in high-traffic environments. Clear Secure primarily generates revenue through subscription-based memberships sold to consumers and enterprise customers, as well as through contracts with airport authorities, stadiums, and venue operators.
The company serves travelers, sports and entertainment fans, and enterprise clients seeking secure and frictionless identity solutions. Its strategic positioning is based on proprietary biometric technology, long-term infrastructure agreements with airports and venues, and integration with government-regulated security processes such as those overseen by the Transportation Security Administration (TSA). Clear Secure was founded in 2010 and underwent multiple restructurings before relaunching its current business model in 2016; it became a publicly traded company in 2021 following an initial public offering.
Business Operations
Clear Secure operates primarily through its core business line, CLEAR Plus, a paid consumer membership offering that enables expedited identity verification at airport security checkpoints and access points at sports and entertainment venues. Revenue is generated largely from annual membership fees, supplemented by enterprise and partner arrangements with airports, airlines, and venue operators. The company also provides identity solutions to businesses seeking secure access control and customer authentication.
Operations are concentrated in the United States, where Clear Secure works closely with the TSA and airport authorities under regulated frameworks. The company owns and operates its biometric enrollment infrastructure, software platforms, and identity verification processes. Clear Secure maintains several subsidiaries that support its technology development and operations, including Clear Secure Technologies, Inc., which houses much of its intellectual property and technical staff.
Strategic Position & Investments
Clear Secure’s strategic direction focuses on expanding its identity platform beyond airports into broader everyday use cases, such as sports venues, healthcare settings, and digital identity applications. Growth initiatives include increasing membership penetration, expanding venue coverage, and enhancing its digital identity capabilities to support partner ecosystems. The company has emphasized long-term infrastructure contracts and renewals as a stabilizing factor in its revenue model.
The company has made targeted investments in technology development rather than large-scale acquisitions. It has also entered strategic partnerships with airlines, credit card issuers, and professional sports leagues to bundle CLEAR memberships and extend distribution. Emerging areas of focus include reusable digital identity, secure verification for online transactions, and privacy-centric identity management, although the commercial scale of these initiatives remains limited based on publicly available disclosures.
Geographic Footprint
Clear Secure’s operations are predominantly based in the United States, where its headquarters are located in New York City. The company has a significant presence across major U.S. airports, including hubs in California, Texas, Florida, New York, and Illinois, as well as in professional sports stadiums and entertainment venues nationwide.
International operations are minimal, and the company does not currently report material revenue from outside the United States. While management has discussed the potential applicability of its technology in international markets, public filings indicate that Clear Secure’s operational and investment focus remains domestic, with international expansion still in exploratory stages.
Leadership & Governance
Clear Secure was co-founded by Steven Brill, who played a key role in shaping the company’s original vision around secure identity. The company is led by executives with backgrounds in technology, finance, and regulated industries, reflecting its intersection of consumer services and security infrastructure. Leadership has emphasized trust, privacy, and long-term partnerships as core principles guiding strategy and operations.
Key executives include:
- Caryn Seidman-Becker – Chief Executive Officer
- Michael Buckley – Chief Financial Officer
- Tom McCarthy – President
- Allison Ausband – Director
- Fred Hassan – Chairman of the Board
The board and executive team oversee corporate governance with a stated focus on regulatory compliance, data privacy, and sustainable growth aligned with shareholder interests.