Capital Properties, Inc. (CPTP) to Issue Quarterly Dividend of $0.07 on May 24th

Capital Properties, Inc. (OTCMKTS:CPTP) declared a quarterly dividend on Wednesday, April 24th, investing.com reports. Investors of record on Friday, May 10th will be paid a dividend of 0.07 per share on Friday, May 24th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 9th.

Capital Properties Price Performance

Shares of CPTP remained flat at $10.20 during midday trading on Tuesday. Capital Properties has a 12-month low of $10.15 and a 12-month high of $13.00. The company’s 50-day moving average is $10.52 and its 200 day moving average is $11.32.

Capital Properties Company Profile

Capital Properties, Inc, together with its subsidiaries, engages in leasing land in downtown Providence, Rhode Island under long-term ground leases. It owns approximately 18 acres in the Capital Center consisting of 13 individual parcels; leases the undeveloped parcels of land adjacent to the Capital Center for public parking purposes; and leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in Rhode Island and Massachusetts.