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

Clipper Realty Inc. (NYSE:CLPR) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors 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 8.32%. The ex-dividend date of this dividend is Wednesday, March 19th.

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

Clipper Realty Trading Up 12.3 %

Clipper Realty stock opened at $4.57 on Wednesday. Clipper Realty has a 52-week low of $3.38 and a 52-week high of $7.12. The company’s 50 day moving average is $4.45 and its two-hundred day moving average is $5.02.

Clipper Realty (NYSE:CLPR) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 1.68%. The business had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $38.70 million. As a group, equities analysts forecast that Clipper Realty will post 0.46 EPS for the current fiscal year.

Clipper Realty Company Profile

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.