Capital Properties, Inc. (OTCMKTS:CPTP) to Issue $0.07 Quarterly Dividend

Capital Properties, Inc. (OTCMKTS:CPTP) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders 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 of this dividend is Thursday, August 15th.

Shares of OTCMKTS CPTP traded up $0.44 during midday trading on Tuesday, reaching $14.49. The company had a trading volume of 2,500 shares, compared to its average volume of 747. Capital Properties has a 1 year low of $13.50 and a 1 year high of $16.49. The company’s 50-day moving average is $14.42.

Capital Properties Company Profile

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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