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PROVIDENCE, R.I. - Capital Properties, Inc. (OTCQX:CPTP), currently trading at $11.20 and near its 52-week high of $11.60, announced Thursday it will pay a regular quarterly dividend of $0.07 per share on its outstanding Class A Common Shares. The dividend represents an annual yield of 2.5%.
The dividend will be payable on August 22, 2025, to shareholders of record as of the close of business on August 15, 2025. The distribution applies to all 6,599,912 outstanding Class A Common Shares.
The announcement came following the company’s regular quarterly board meeting held on Wednesday.
Capital Properties primarily focuses on long-term leasing of its real estate interests in downtown Providence, Rhode Island for commercial development. The company also leases locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes.
This dividend announcement was made in a company press release statement.
In other recent news, Capital Properties, Inc. has announced a regular quarterly dividend of $0.07 per share for its Class A Common Shares. This decision was made following a board meeting, reflecting the company’s ongoing commitment to providing consistent returns to its investors. The dividend is scheduled to be paid on May 23, 2025, to shareholders who are recorded as of May 16, 2025. This announcement continues Capital Properties’ practice of distributing quarterly dividends. The company’s focus remains on commercial leasing in downtown Providence and outdoor advertising spaces in Rhode Island and Massachusetts.
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