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Capital Properties, Inc. Declares Regular Quarterly Dividend
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dividends
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 $0.07 (seven cents) per share on the Company's outstanding Class A Common Shares (6,599,912) payable on August 27, 2021 to shareholders of record as of the close of business on August 13, 2021.
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.
capital properties, inc., together with its subsidiaries, engages in leasing land in downtown providence, rhode island under long-term ground leases. it owns approximately 18 acres in the capital center consisting of 13 individual parcels; owns and leases parcel 20, an undeveloped parcel of land adjacent to the capital center for public parking purposes on a short-term basis; and leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in rhode island and massachusetts. the company was formerly known as providence and worcester company and changed its name to capital properties, inc. in 1984. capital properties, inc. was founded in 1977 and is based in providence, rhode island.