Capital Properties, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

Capital Properties, Inc. (OTCQX: CPTP) announced a quarterly dividend of $0.07 per share on its Class A Common Shares during the Board of Directors meeting on January 26, 2022. The dividend will be payable on February 25, 2022 to shareholders of record by the close of business on February 11, 2022. The company focuses on long-term leasing of real estate interests in downtown Providence, Rhode Island, and leasing locations for outdoor advertising along highways in Rhode Island and Massachusetts.

Positive

• Declared a quarterly dividend of $0.07 per share.
• Company has a solid business model focusing on long-term leases.

Negative

• None.

PROVIDENCE, R.I., Jan. 28, 2022 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on January 26, 2022, 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 25, 2022 to shareholders of record as of the close of business on February 11, 2022.

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-301470697.html

SOURCE Capital Properties, Inc.

FAQ

What is the dividend amount for CPTP?

The declared dividend for Capital Properties, Inc. (CPTP) is $0.07 per share.

When is the dividend payment date for CPTP?

The dividend payment date is February 25, 2022.

When is the record date for the CPTP dividend?

The record date for the dividend is February 11, 2022.

How often does Capital Properties, Inc. pay dividends?

Capital Properties, Inc. typically pays dividends quarterly.

What business does Capital Properties, Inc. engage in?

Capital Properties, Inc. engages in long-term leasing of real estate for commercial development and outdoor advertising.