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PROVIDENCE, R.I. - Capital Properties, Inc. (OTCQX: CPTP), a small-cap real estate company with a market capitalization of $18.86 million and current share price of $0.14, has declared a quarterly dividend of $0.07 per share for its Class A Common Shares, the company announced following a board meeting. According to InvestingPro data, the company has faced challenges with profitability, reporting a loss per share of $0.05 over the last twelve months. The real estate firm, which focuses on commercial leasing in downtown Providence and outdoor advertising spaces in Rhode Island and Massachusetts, will make the payment to shareholders of record by the close of business on Monday. The company maintains a strong liquidity position with a current ratio of 2.86, indicating solid ability to meet its short-term obligations.
The dividend is scheduled to be paid out on May 23, 2025, to all shareholders who are on the books as of May 16, 2025. This marks a continuation of the company’s practice of distributing regular quarterly dividends to its investors.
Capital Properties, Inc. specializes in the long-term leasing of its real estate portfolio, which includes strategic locations in the heart of Providence, as well as along key interstate and primary highways. These properties are primarily utilized for commercial development and outdoor advertising, generating annual revenues of $7.92 million. Notably, InvestingPro analysis reveals several additional key metrics and insights about the company’s financial health - unlock full access to make more informed investment decisions.
With 6,599,912 outstanding Class A Common Shares, the dividend distribution will represent a significant return to the company’s investors. This move underscores Capital Properties’ commitment to providing consistent shareholder value through regular dividend payments.
The announcement is based on a press release statement from Capital Properties, Inc., and it reflects the company’s latest financial actions as it continues to manage and leverage its real estate assets for commercial and advertising use. Investors holding the company’s shares will anticipate the forthcoming dividend as a part of their investment returns.
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