Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties, Inc. (OTCQX: CPTP) has announced a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares. The dividend was declared at the company's regular quarterly board meeting on July 31, 2024. It will be payable on August 30, 2024 to shareholders of record as of the close of business on August 16, 2024. Capital Properties' primary business involves long-term leasing of real estate in downtown Providence, Rhode Island for commercial development and leasing locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes.

Positive

• Consistent quarterly dividend payout of $0.07 per share
• Stable business model based on long-term real estate leasing

Negative

• None.

PROVIDENCE, R.I., Aug. 2, 2024 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that at its regular quarterly meeting held on July 31, 2024 the Board of Directors declared a regular quarterly dividend of $0.07 (seven cents) per share on the Company's outstanding Class A Common Shares (6,599,912) payable on August 30, 2024 to shareholders of record as of the close of business on August 16, 2024.

About Capital Properties, Inc.

Capital Properties, Inc. and its subsidiary's principal business consist of the long-term leasing of certain of its real estate interests in downtown Providence, Rhode Island for commercial development and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes. 

CONTACT:

Susan R. Johnson, Treasurer
401-435-7171

View original content:https://www.prnewswire.com/news-releases/capital-properties-inc-declares-regular-quarterly-dividend-302213454.html

SOURCE Capital Properties, Inc.

FAQ

What is the amount of Capital Properties' (CPTP) quarterly dividend for August 2024?

Capital Properties (CPTP) has declared a regular quarterly dividend of $0.07 per share for August 2024.

When is the payment date for Capital Properties' (CPTP) August 2024 dividend?

The payment date for Capital Properties' (CPTP) August 2024 dividend is August 30, 2024.

What is the record date for Capital Properties' (CPTP) August 2024 dividend?

The record date for Capital Properties' (CPTP) August 2024 dividend is August 16, 2024.

How many outstanding Class A Common Shares does Capital Properties (CPTP) have?

Capital Properties (CPTP) has 6,599,912 outstanding Class A Common Shares.

What are the main business activities of Capital Properties (CPTP)?

Capital Properties (CPTP) primarily engages in long-term leasing of real estate in downtown Providence, Rhode Island for commercial development and leasing locations along highways in Rhode Island and Massachusetts for outdoor advertising.