Capital Properties, Inc. Declares Regular Quarterly Dividend
Rhea-AI Summary
On July 29, 2021, Capital Properties, Inc. (OTCQX: CPTP) announced a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares, totaling 6,599,912 shares. The dividend is payable on August 27, 2021 to shareholders who are on record by August 13, 2021. This decision was made during the Board of Directors' meeting held on July 28, 2021. Capital Properties focuses on long-term leasing of real estate interests in Providence, Rhode Island, and offers outdoor advertising leasing options in Rhode Island and Massachusetts.
AI-generated analysis. Not financial advice.
Positive
- Declaration of a quarterly dividend of $0.07 per share, indicating a commitment to returning value to shareholders.
- Dividend payment reflects sustained income generation from leasing activities.
Negative
- None.
News Market Reaction – CPTP
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., July 29, 2021 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on July 28, 2021, 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-301344414.html
SOURCE Capital Properties, Inc.