11:33 AM EDT, 03/22/2024 (MT Newswires) -- (Updates with stock move and special dividend in the headline and in the first and fourth paragraphs)

Clear Secure ( YOU ) shares rose 7.3% in recent Friday trading after the company announced a $100 million increase in its share repurchase program and a special cash dividend.

The increase brings repurchase authorization to $141 million, the company said late Thursday.

Clear Secure ( YOU ) said it repurchased and retired 4.4 million shares for $84.9 million in Q1.

The company also declared a special dividend of $0.32 a share, payable April 8 to shareholders of record on April 1.

Price: 20.28, Change: +1.40, Percent Change: +7.43