Capital Properties, Inc. Plans Quarterly Dividend of $0.07 (OTCMKTS:CPTP)

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Capital Properties, Inc. (OTCMKTS:CPTP) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.07 per share on Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, August 15th.

CPTP stock opened at $14.50 on Wednesday. Capital Properties has a 1 year low of $13.50 and a 1 year high of $16.49. The business has a fifty day moving average price of $14.42.

About Capital Properties

Capital Properties, Inc, together with its subsidiaries, engages in the leasing of 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; owns and leases an undeveloped parcel of land adjacent to the Capital Center for public parking purposes on a short-term basis; and leases 23 outdoor advertising locations along interstate and primary highways in Rhode Island and Massachusetts.

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