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

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.0950 per share on Wednesday, November 25th. This represents a $0.38 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, November 17th.

Clipper Realty Price Performance

NYSE:CLPR opened at $3.35 on Thursday. Clipper Realty has a 1-year low of $2.69 and a 1-year high of $3.94. The company’s fifty day moving average price is $3.25 and its 200-day moving average price is $3.18. The firm has a market capitalization of $54.05 million, a P/E ratio of -3.60 and a beta of 0.99.

Clipper Realty (NYSE:CLPR) last posted its earnings results on Thursday, November 5th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). The firm had revenue of $40.48 million during the quarter, compared to analysts’ expectations of $38.70 million. Equities analysts anticipate that Clipper Realty will post 0.17 EPS for the current fiscal year.

Clipper Realty Company Profile

Clipper Realty Inc is a self-administered and self-managed real estate investment trust that owns, operates and develops multifamily residential properties in New York City. The company focuses primarily on apartment communities in Manhattan and Brooklyn, serving residents through rental housing and related property-management services.

Clipper Realty’s business includes acquiring well-located residential properties, managing day-to-day operations, maintaining buildings and apartments, and pursuing renovations or other improvements intended to enhance its properties.