Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties, Inc. (CPTP) announced a quarterly dividend of $0.07 per share on January 25, 2023, during its Board meeting. This dividend pertains to the Company's 6,599,912 outstanding Class A Common Shares and is payable on February 24, 2023. Shareholders on record as of February 10, 2023 will receive this payout. The company focuses on long-term leasing of real estate for commercial development in downtown Providence, Rhode Island, and outdoor advertising along highways in Rhode Island and Massachusetts.

Positive

• Declared a quarterly dividend of $0.07 per share, providing a return to shareholders.
• Strong share count of 6,599,912 reflects substantial commitment to shareholder value.

Negative

• None.

News Market Reaction

%

1 alert

% News Effect

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., Jan. 26, 2023 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on January 25, 2023 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 24, 2023 to shareholders of record as of the close of business on February 10, 2023.

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-301731958.html

SOURCE Capital Properties, Inc.

FAQ

What is the dividend amount for CPTP declared on January 25, 2023?

The dividend amount is $0.07 per share.

When will the CPTP dividend be paid?

The dividend will be paid on February 24, 2023.

Who qualifies for the CPTP dividend?

Shareholders on record as of February 10, 2023, qualify for the dividend.

What is the total number of outstanding shares for Capital Properties, Inc.?

The company has 6,599,912 outstanding Class A Common Shares.