Capital Properties, Inc. (CPTP) to Issue Quarterly Dividend of $0.07 on August 28th

Capital Properties, Inc. (OTCMKTS:CPTP) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Friday, August 14th will be given a dividend of 0.07 per share on Friday, August 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, August 13th.

Shares of Capital Properties stock remained flat at $$12.20 during trading on Thursday. The stock has a 50 day moving average of $12.32 and a two-hundred day moving average of $14.03. Capital Properties has a 52-week low of $11.20 and a 52-week high of $16.50.

Capital Properties (OTCMKTS:CPTP) last released its quarterly earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Capital Properties had a return on equity of 33.14% and a net margin of 35.29%. The business had revenue of $1.20 million during the quarter.

Separately, ValuEngine raised Capital Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd.

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.

Further Reading: Lock-Up Period Expiration

Dividend History for Capital Properties (OTCMKTS:CPTP)

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