Capital Properties, Inc. Declares Regular Quarterly Dividend
Rhea-AI Summary
On April 27, 2022, Capital Properties, Inc. (OTCQX: CPTP) declared a quarterly dividend of $0.07 per share on its outstanding Class A Common Shares, totaling 6,599,912 shares. This dividend is set to be paid on May 27, 2022, to shareholders of record as of the close of business on May 13, 2022. The company primarily focuses on long-term leasing of its real estate interests in downtown Providence, Rhode Island, and leasing locations for outdoor advertising along highways in Rhode Island and Massachusetts.
Positive
- Quarterly dividend of $0.07 per share declared, signaling financial stability.
- Dividend payment reflects confidence in cash flow and profitability.
Negative
- None.
News Market Reaction
On the day this news was published, CPTP declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PROVIDENCE, R.I., April 28, 2022 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on April 27, 2022, the Board of Directors declared a regular quarterly dividend of
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-301535641.html
SOURCE Capital Properties, Inc.
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