Clipper Realty Inc. (CLPR) To Go Ex-Dividend on March 19th

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 7.79%. 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 Trading Up 6.4 %

Shares of NYSE CLPR opened at $4.88 on Thursday. The company has a market cap of $78.73 million, a price-to-earnings ratio of -19.50 and a beta of 1.24. Clipper Realty has a 12 month low of $3.38 and a 12 month high of $7.12. The stock has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $5.02.

Clipper Realty (NYSE:CLPR) last announced its earnings results on Friday, February 14th. The company reported $0.19 EPS for the quarter, beating 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 1.68%. The business had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $38.70 million. On average, sell-side analysts predict that Clipper Realty will post 0.46 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.