That increase amounts to 5.2%, and it's effective for the quarter ending September 30, 2000. It is an indicated annual rate of $2.44 per share and represents a dividend yield of 8.9% based on the closing price of $27.5625 on September 25.
"The increase reflects the ongoing confidence of the board and senior management in the core business strengths and long-term potential of Mack-Cali," said CEO Mitchell E. Hersh in a prepared statement. "The company's dividend has grown consistently since Mack-Cali went public in 1994."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
