Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties (OTCQX: CPTP) has declared a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares (6,599,912). The dividend will be payable on November 25, 2024 to shareholders of record as of November 15, 2024. The company's core 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.

AI-generated analysis. Not financial advice.

Positive

• Regular quarterly dividend maintained at $0.07 per share
• Consistent dividend payment demonstrates stable cash flow
• Large shareholder base with 6,599,912 outstanding Class A Common Shares

Negative

• None.

News Market Reaction – CPTP

+0.18%

1 alert

+0.18% News Effect

On the day this news was published, CPTP gained 0.18%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PROVIDENCE, R.I., Oct. 31, 2024 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that at its regular quarterly meeting held on October 30, 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 November 25, 2024 to shareholders of record as of the close of business on November 15, 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-302293359.html

SOURCE Capital Properties, Inc.

FAQ

When will Capital Properties (CPTP) pay its latest quarterly dividend?

Capital Properties will pay its quarterly dividend of $0.07 per share on November 25, 2024.

What is the record date for Capital Properties' (CPTP) Q4 2024 dividend?

The record date for Capital Properties' quarterly dividend is November 15, 2024.

How much is Capital Properties' (CPTP) quarterly dividend per share?

Capital Properties declared a quarterly dividend of $0.07 (seven cents) per share.

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

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