You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

PROVIDENCE, R.I., April 28, 2020 Capital Properties, Inc. (OTCQX: CPTP) announced that, at its regular quarterly meeting held on April 28, 2020, the Board of Directors decided to pass the regular quarterly dividend in light of the economic uncertainty arising from the COVID-19 pandemic. The Board of Directors intends to consider reinstituting the dividend at its meeting scheduled in July of2020. About Capital Properties, Inc. Capital Properties, Inc. and its subsidiary's principal business consist of the long-term leasing of certain of its real estate interests in downtown Providence, Rhode Island for commercial development and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes. CONTACT: Susan R. Johnson, Treasurer401-435-7171 SOURCE Capital Properties, Inc. Related Links http://capitalpropertiesinc.com

Answer: Capital Properties, Inc. to Pass the Regular Quarterly Dividend