Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties, Inc. declares a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares.

Positive

• Capital Properties, Inc. declares a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares, which can positively impact the stock price.

Negative

• None.

PROVIDENCE, R.I., Oct. 25, 2023 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that at its regular quarterly meeting held on October 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 November 20, 2023 to shareholders of record as of the close of business on November 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-301967939.html

SOURCE Capital Properties, Inc.

FAQ

What did Capital Properties, Inc. announce?

Capital Properties, Inc. announced a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares.

When will the dividend be payable?

The dividend will be payable on November 20, 2023.

Who will receive the dividend?

Shareholders of record as of the close of business on November 10, 2023 will receive the dividend.