Capital Properties, Inc. Declares Regular Quarterly Dividend on Class A Common Shares, Payable on November 20, 2023
October 26, 2023 at 02:51 am IST
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Capital Properties, Inc. announced that at its regular quarterly meeting held on October 25, 2023 the Board of Directors declared a regular quarterly dividend of $0.07 (7 cents) per share on the Company's outstanding Class A Common Shares (6,599,912) payable on November 20, 2023 to shareholders of record as of the close of business on November 10, 2023.
Capital Properties, Inc. is engaged in the business of leasing the Company-owned land in Capital Center (Capital Center) and property adjacent to Capital Center (Parcel 20) in downtown Providence, Rhode Island under long-term ground leases with terms of 99 years or more. The Companyâs real properties are leased either under long-term leases or short-term leases. The Company owns approximately 18 acres in Capital Center consisting of 13 individual parcels. Capital Center, which is approximately 77 acres of land, is the result of a development project undertaken by the state of Rhode Island, the City of Providence, and the National Railroad Passenger Corporation (Amtrak). The Company also owns or controls 23 locations in Rhode Island and Massachusetts on which 44 billboard faces have been constructed. The Company also leases Parcels 3E, 3W, 4E, 4W and a portion of Parcel 20 in the Capital Center Area for public parking purposes to Metropark, Ltd.
CAPITAL PROPERTIES, INC. 