Capital Properties, Inc. (OTCMKTS:CPTP) announced 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 yield of 1.93%. The ex-dividend date is Thursday, August 15th.

CPTP stock traded up $0.01 during mid-day trading on Tuesday, reaching $14.50. 300 shares of the stock traded hands, compared to its average volume of 747. Capital Properties has a 52 week low of $13.50 and a 52 week high of $16.49. The stock has a 50-day simple moving average 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.

Read More: Special Dividends

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