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

Clipper Realty Inc. (NYSE:CLPR - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders 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 8.46%. The ex-dividend date of this dividend is Wednesday, March 19th.

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

Clipper Realty Stock Down 8.4 %

CLPR traded down $0.41 during trading on Friday, reaching $4.49. 65,898 shares of the company's stock were exchanged, compared to its average volume of 86,816. Clipper Realty has a fifty-two week low of $3.38 and a fifty-two week high of $7.12. The business has a 50 day moving average price of $4.46 and a 200 day moving average price of $5.02. The company has a market capitalization of $72.51 million, a P/E ratio of -17.96 and a beta of 1.24.

Clipper Realty (NYSE:CLPR - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. Clipper Realty had a negative net margin of 1.68% and a negative return on equity of 85.95%. The firm had revenue of $38.05 million for the quarter, compared to the consensus estimate of $38.70 million. As a group, research analysts forecast that Clipper Realty will post 0.39 EPS for the current 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.