Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties, Inc. (OTCQX: CPTP) announced a quarterly dividend of $0.07 per share on July 27, 2022. This dividend pertains to the Company's Class A Common Shares, with a total of 6,599,912 shares outstanding. The dividend will be payable on August 26, 2022, to shareholders on record as of August 12, 2022. Capital Properties, Inc. primarily engages in leasing real estate for commercial development and outdoor advertising in Rhode Island and Massachusetts.

Positive

• Declaring a quarterly dividend of $0.07 per share demonstrates commitment to returning value to shareholders.
• The total number of outstanding Class A Common Shares is 6,599,912, indicating a stable share structure.

Negative

• None.

News Market Reaction

-0.43%

1 alert

-0.43% News Effect

On the day this news was published, CPTP declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PROVIDENCE, R.I., Aug. 2, 2022 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on July 27, 2022, 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 26, 2022 to shareholders of record as of the close of business on August 12, 2022.

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-301598238.html

SOURCE Capital Properties, Inc.

FAQ

What is the dividend amount declared by Capital Properties, Inc. on August 2, 2022?

The dividend amount declared is $0.07 per share.

When will the dividend be paid to shareholders of Capital Properties, Inc.?

The dividend will be payable on August 26, 2022.

What is the record date for Capital Properties, Inc.'s dividend?

The record date for the dividend is August 12, 2022.

How many Class A Common Shares does Capital Properties, Inc. have outstanding?

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