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

Capital Properties, Inc. (OTCMKTS:CPTP) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Shareholders 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 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, August 13th.

Shares of Capital Properties stock remained flat at $$12.20 during midday trading on Thursday. Capital Properties has a twelve month low of $11.20 and a twelve month high of $16.50. The firm’s 50-day moving average is $12.32 and its two-hundred day moving average is $14.03.

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

Separately, ValuEngine upgraded shares of Capital Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd.

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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Dividend History for Capital Properties (OTCMKTS:CPTP)

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