Clipper Realty Inc. (NYSE:CLPR) Plans Quarterly Dividend of $0.10

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid a dividend of 0.095 per share on Thursday, April 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date is Wednesday, March 19th.

Clipper Realty has raised its dividend payment by an average of 26.0% annually over the last three years.

Clipper Realty Trading Up 6.4 %

NYSE CLPR opened at $4.88 on Thursday. The firm has a market capitalization of $78.73 million, a P/E ratio of -19.50 and a beta of 1.24. The business has a fifty day simple moving average of $4.45 and a 200 day simple moving average of $5.02. Clipper Realty has a 12 month low of $3.38 and a 12 month high of $7.12.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $38.05 million during the quarter, compared to analyst estimates of $38.70 million. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. As a group, sell-side analysts predict that Clipper Realty will post 0.46 EPS for the current fiscal year.

About Clipper Realty

Clipper Realty Inc (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.