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

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.095 per share on Thursday, August 22nd. This represents a $0.38 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date of this dividend is Thursday, August 15th.

Clipper Realty Stock Performance

Clipper Realty stock traded down $0.03 on Wednesday, reaching $4.36. The company’s stock had a trading volume of 3,196 shares, compared to its average volume of 75,428. The business’s fifty day moving average price is $3.82 and its 200 day moving average price is $4.25. The company has a market cap of $70.10 million, a price-to-earnings ratio of -12.54 and a beta of 1.32. Clipper Realty has a twelve month low of $3.38 and a twelve month high of $6.22.

Clipper Realty (NYSE:CLPR) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.16). The company had revenue of $37.35 million for the quarter, compared to analyst estimates of $35.80 million. Clipper Realty had a negative return on equity of 50.47% and a negative net margin of 2.54%. During the same quarter last year, the company earned $0.13 EPS. As a group, equities analysts forecast that Clipper Realty will post 0.31 earnings per share 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.