Clipper Realty Inc. Announces Tax Information For 2023 Distributions
Clipper Realty Inc. (CLPR) discloses the Federal income tax treatment of its 2023 dividends to common stockholders, with a total dividend per share of $0.0950, including $0.0095 as an ordinary dividend and $0.0855 as nontaxable. Shareholders should note the specific record and payable dates for each dividend.
Understanding the tax implications of dividends is crucial for investors. The announcement by Clipper Realty Inc. indicates that a significant portion of the dividend is classified as nontaxable . This is beneficial for shareholders as it means a larger portion of the dividend income would not be subject to immediate taxation. It's important to note that nontaxable dividends are often a return of capital, which could imply that the company is not generating enough taxable income to cover the dividends and is instead returning a portion of the investment back to the shareholders. This could affect the cost basis of the investment and have tax implications down the line when the stock is sold.
From a financial standpoint, the dividend payout by Clipper Realty Inc. suggests a steady cash return to investors, which can be an attractive aspect for income-focused investors. However, the portion of the dividend classified as ordinary is quite low, which may indicate that the company's current earnings are not high. This could raise questions about the sustainability of the dividend payments. Investors might want to analyze the company's payout ratio, cash flow statements and earnings reports to assess whether the dividends are supported by strong financial performance or if they might be at risk in the future.
The real estate sector, particularly in the New York metropolitan area, has unique dynamics that can impact companies like Clipper Realty Inc. The classification of dividends could reflect the company's asset management strategy and its impact on taxable income. For instance, depreciation on real estate properties can significantly reduce taxable income, thus affecting the composition of dividends. Stakeholders should consider the company's property portfolio performance, occupancy rates, rental income trends and property value appreciation to understand how these factors contribute to the financial health of the company and its ability to maintain dividend distributions.
02/20/2024 - 04:01 PM
NEW YORK --(BUSINESS WIRE)--
Clipper Realty Inc. (NYSE: CLPR), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced the Federal income tax treatment of its 2023 dividends to holders of its common stock.
Record Date
Payable
Total Dividend
Ordinary
Qualified
Nontaxable
3/27/2023
4/05/2023
$0.09 50
$0.00 95
$0.00 00
$0.08 55
5/15/2023
5/24/2023
$0.09 50
$0.00 95
$0.00 00
$0.08 55
8/15/2023
8/23/2023
$0.09 50
$0.00 95
$0.00 00
$0.08 55
11/14/2023
11/22/2023
$0.09 50
$0.00 95
$0.00 00
$0.08 55
Shareholders are advised to consult their tax advisor about the specific tax treatment of 2023 dividends.
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 . For more information on Clipper Realty Inc., please visit www.clipperrealty.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20240220383197/en/
Investors:
www.ClipperRealty.com
Source: Clipper Realty Inc.
What is the ticker symbol for Clipper Realty Inc.?
The ticker symbol for Clipper Realty Inc. is CLPR.
What is the total dividend per share for 2023 disclosed by Clipper Realty Inc.?
Clipper Realty Inc. revealed a total dividend per share of $0.0950 for 2023.
What are the components of the total dividend per share for 2023 by Clipper Realty Inc.?
The disclosed components of the total dividend per share for 2023 by Clipper Realty Inc. are $0.0095 as an ordinary dividend and $0.0855 as nontaxable.
When are the record and payable dates for Clipper Realty Inc.'s 2023 dividends?
The record dates for Clipper Realty Inc.'s 2023 dividends are 3/27/2023, 5/15/2023, 8/15/2023, and 11/14/2023. The payable dates are 4/05/2023, 5/24/2023, 8/23/2023, and 11/22/2023.
What advice is given to shareholders regarding Clipper Realty Inc.'s 2023 dividends?
Shareholders are advised to consult their tax advisor for guidance on the Federal income tax treatment of the dividends.
What type of dividend is $0.0095 per share in Clipper Realty Inc.'s 2023 disclosure?
$0.0095 per share in Clipper Realty Inc.'s 2023 disclosure is categorized as an ordinary dividend.
What is the amount of nontaxable dividend per share in Clipper Realty Inc.'s 2023 disclosure?
The nontaxable dividend per share in Clipper Realty Inc.'s 2023 disclosure is $0.0855.
