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Capital Properties, Inc. Declares Regular Quarterly Dividend

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Rhea-AI Sentiment
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dividends
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.

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.

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Analyzing...

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. 

CONTACT:

Susan R. Johnson, Treasurer
401-435-7171

Cision View original content:https://www.prnewswire.com/news-releases/capital-properties-inc-declares-regular-quarterly-dividend-301344414.html

SOURCE Capital Properties, Inc.

FAQ

What is the dividend amount declared by Capital Properties, Inc.?

Capital Properties, Inc. declared a dividend of $0.07 per share.

When is the dividend payable for CPTP shareholders?

The dividend is payable on August 27, 2021.

What is the record date for the dividend payment for CPTP?

The record date for the dividend payment is August 13, 2021.

How many shares are outstanding for Capital Properties, Inc.?

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