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Capital Properties, Inc. Declares Regular Quarterly Dividend

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Capital Properties, Inc. (OTCQX: CPTP) declared a quarterly dividend of $0.07 per share on April 28, 2021, during its regular meeting. This dividend applies to its 6,599,912 outstanding Class A Common Shares and will be payable on May 28, 2021 to shareholders of record as of May 14, 2021. The company's business primarily involves long-term leasing of real estate for commercial development and outdoor advertising along highways in Rhode Island and Massachusetts.

Positive
  • Quarterly dividend of $0.07 demonstrates financial stability.
  • Continued commitment to shareholder returns.
Negative
  • None.

PROVIDENCE, R.I., April 30, 2021 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on April 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 May 28, 2021 to shareholders of record as of the close of business on May 14, 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:http://www.prnewswire.com/news-releases/capital-properties-inc-declares-regular-quarterly-dividend-301281355.html

SOURCE Capital Properties, Inc.

FAQ

What is the dividend amount declared by CPTP?

The dividend amount declared by Capital Properties, Inc. is $0.07 per share.

When will the CPTP dividend be paid?

The CPTP dividend will be paid on May 28, 2021.

What date is the record for the CPTP dividend?

The record date for the CPTP dividend is May 14, 2021.

How many shares are outstanding for CPTP?

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

What is the business focus of Capital Properties, Inc.?

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

CAPITAL PROPERTIES INC A

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United States of America
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