Clipper Realty Inc. (NYSE:CLPR) Shareholders to Collect $0.10 Quarterly Dividend

Clipper Realty Inc. (NYSE:CLPR) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, November 17th will be given a dividend of $0.0950 per share on Wednesday, November 25th. This represents a $0.38 annualized dividend and a yield of 11.4%. The ex-dividend date is Tuesday, November 17th.

Clipper Realty Price Performance

Shares of NYSE CLPR opened at $3.35 on Thursday. Clipper Realty has a 1 year low of $2.69 and a 1 year high of $3.94. The firm has a fifty day moving average price of $3.25 and a 200-day moving average price of $3.18. The stock has a market cap of $54.05 million, a PE ratio of -3.60 and a beta of 0.99.

Clipper Realty (NYSE:CLPR) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.25). The company had revenue of $40.48 million during the quarter, compared to the consensus estimate of $38.70 million. On average, research analysts expect that Clipper Realty will post 0.17 EPS for the current year.

Clipper Realty Company Profile

Clipper Realty Inc is a self-administered and self-managed real estate investment trust that owns, operates and develops multifamily residential properties in New York City. The company focuses primarily on apartment communities in Manhattan and Brooklyn, serving residents through rental housing and related property-management services.

Clipper Realty’s business includes acquiring well-located residential properties, managing day-to-day operations, maintaining buildings and apartments, and pursuing renovations or other improvements intended to enhance its properties.