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

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 given a dividend of 0.095 per share on Thursday, April 3rd. This represents a $0.38 dividend on an annualized basis and a 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 Price Performance

NYSE CLPR traded up $0.50 during trading hours on Tuesday, reaching $4.57. The company’s stock had a trading volume of 194,054 shares, compared to its average volume of 95,553. The firm has a market capitalization of $73.79 million, a price-to-earnings ratio of -15.75 and a beta of 1.24. Clipper Realty has a 1-year low of $3.38 and a 1-year 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 posted its quarterly earnings data on Friday, February 14th. The company reported $0.19 EPS for the quarter, topping 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 2.17%. The company had revenue of $38.05 million during the quarter, compared to analyst estimates of $38.70 million. Equities analysts forecast that Clipper Realty will post 0.48 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.