50 dividend on an 11 stock stocks

Am i reading this correctly? BRG will pay a quarterly dividend of $0.51 (fifty one cents) on January 5 for their stock which sits at $11 (eleven dollars) now? *disclosure i currently own shares in this stock.

Am i reading this correctly? BRG will pay a quarterly dividend of $0.51 (fifty one cents) on January 5 for their stock which sits at $11 (eleven dollars) now? *disclosure i currently own shares in this stock.