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

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Thursday, October 31st, NASDAQ reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 0.095 per share on Wednesday, November 27th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date is Wednesday, November 13th.

Clipper Realty Stock Performance

CLPR traded down $0.69 on Friday, hitting $5.89. 187,671 shares of the company were exchanged, compared to its average volume of 79,859. Clipper Realty has a 12 month low of $3.38 and a 12 month high of $7.12. The firm has a fifty day simple moving average of $5.63 and a two-hundred day simple moving average of $4.52. The stock has a market capitalization of $94.71 million, a PE ratio of -18.84 and a beta of 1.34.

Clipper Realty (NYSE:CLPR) last issued its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.16). Clipper Realty had a negative return on equity of 85.95% and a negative net margin of 2.54%. The firm had revenue of $37.35 million during the quarter, compared to analysts’ expectations of $35.80 million. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts expect that Clipper Realty will post 0.48 earnings per share for the current 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.