Clipper Realty Inc. (NYSE:CLPR) Shareholders Set to Receive $0.10 Quarterly Dividend

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, November 17th will be given 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 Stock Down 0.4%

NYSE CLPR opened at $3.35 on Thursday. The company has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $3.18. Clipper Realty has a 12-month low of $2.69 and a 12-month high of $3.94. The firm has a market cap of $54.05 million, a price-to-earnings ratio of -3.60 and a beta of 0.99.

Clipper Realty (NYSE:CLPR) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 expect that Clipper Realty will post 0.17 earnings per share 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.