Mack-Cali Maintains $0.30 Dividend
Real estate developer Mack-Cali Realty announced yesterday its second-quarter dividend of $0.30 per share, the same rate it's paid every quarter for the last four years.
The board of directors said the quarterly dividend is payable on July 12 to the holders of record at the close of business on July 3. Mack-Cali has paid a dividend every quarter since 1994.
The regular dividend payment equates to a $1.20-per-share annual dividend yielding 4.3% based on the closing price of Mack-Cali Realty's stock on May 15.
The article Mack-Cali Maintains $0.30 Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.