Dividend Growth of Mack-Cali Realty Corporation(CLI)

Mack-Cali Realty Corporation(CLI) is having a Dividend Yield of 2.17% with the Annual cash Dividend per share of $0.6. The last quarter cash dividend per share pay out was $0.15. Mack-Cali Realty Corporation has a 5 year average dividend yield of 4.5% and the stock has a Indicated annual dividend of $0.6. Mack-Cali Realty Corporation(CLI) formally announced its most recent dividend on December 14, 2016 with a Dividend per share of $0.15. The new indicated annual dividend based on announced dividend per share is $0.6. The dividend yield based on the forward looking indicated annual dividend is 2.17%. Mack-Cali Realty Corporation(CLI) has the most recent dividend payout ratio of 0.29 with a 5-year average payout ratio of 0.47. The 5 year historical dividend growth of Mack-Cali Realty Corporation(CLI) is at the rate of -26.72% while the R-Squared dividend growth is 0.84. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Mack-Cali Realty Corporation (NYSE:CLI) rose 1.48% or 0.41 points on Thursday and made its way into the gainers of the day. After trading began at $27.79 the stock was seen hitting $28.2 as a peak level and $27.735 as the lowest level. The stock ended up at $28.11. The daily volume was measured at 551,315 shares. The 52-week high of the share price is $29.47 and the 52-week low is $17.955. The company has a market cap of $2,521 million. Shares of Mack-Cali Realty Corporation appreciated by 0.75% during the last five trading days but lost 1.82% on a 4-week basis. Mack-Cali Realty Corporation is up 7.19% in the last 3-month period. Year-to-Date the stock performance stands at -2.63%.

Currently the company Insiders own 6.73% of Mack-Cali Realty Corporation shares according to the proxy statements. Company has reported several Insider transactions to the SEC, on Jan 24, 2017, Nathan Gantcher (director) sold 2,951 shares at 20.50 per share price.On Feb 5, 2016, Ricardo Cardoso (EVP & Chief Investment Officer) purchased 23,000 shares at 19.54 per share price.On Sep 30, 2015, Jonathan Litt (director) purchased 130,500 shares at 19.08 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Mack Cali Realty Corp was Downgraded by Citigroup to Neutral on Dec 9, 2016.

Mack Cali Realty Corp Last issued its quarterly earnings results on Oct 25, 2016. The company reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.55. The company had revenue of $157.52 million for the quarter, compared to analysts expectations of $150.88 million. The companys revenue was up 7.8% compared to the same quarter last year.

Mack-Cali Realty Corp. is a fully-integrated, self-administered and self-managed real estate investment trust that owns and operates a portfolio comprised predominantly of Class A office and office/flex properties located primarily in the Northeast, as well as commercial real estate leasing, management, acquisition, development and construction businesses.


Share this post

Leave a Reply