Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties (OTCQX: CPTP) has announced a regular quarterly dividend of $0.07 per share on its Class A Common Shares (6,599,912 shares outstanding). The dividend will be payable on February 21, 2025, to shareholders of record as of February 7, 2025.

The company's core business operations involve long-term real estate leasing 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 payment maintained at $0.07 per share
• Stable revenue stream from long-term real estate and advertising leases
• Large shareholder base with over 6.5 million outstanding shares

Negative

• None.

PROVIDENCE, R.I., Feb. 3, 2025 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that at its regular quarterly meeting held on January 29, 2025, 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 February 21, 2025 to shareholders of record as of the close of business on February 7, 2025.

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-302366601.html

SOURCE Capital Properties, Inc.

FAQ

What is the amount of Capital Properties (CPTP) Q1 2025 dividend?

Capital Properties (CPTP) declared a quarterly dividend of $0.07 per share for Q1 2025.

When is the ex-dividend date for CPTP's Q1 2025 dividend?

Shareholders must be on record by February 7, 2025, to receive the Q1 2025 dividend.

When will CPTP pay its Q1 2025 dividend?

The dividend will be paid on February 21, 2025.

How many shares of CPTP Class A Common Stock are outstanding?

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

What are Capital Properties' (CPTP) main business operations?

CPTP's main operations include long-term commercial real estate leasing in downtown Providence, RI, and leasing locations for outdoor advertising along highways in Rhode Island and Massachusetts.