Mack-Cali Realty Corporation (NYSE:CLI) Updates On Dividend Release Date


On 2016-06-02, Mack-Cali Realty Corporation (NYSE:CLI) confirmed the dividend disbursement of $0.15 a share to shareholders as on record 2016-07-06. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-07-01.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Mack-Cali Realty Corporation (NYSE:CLI) paid a total of $0.15 per share in dividends. This figure stood at $0.15 a share in the same period a year ago indicating a deviation of -33.3333%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $26.5 on the stock. This figure is the average of recommendations offered by 6 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $30 and $19, respectively.

Taking the mathematical rating formula, the price for Mack-Cali Realty Corporation (NYSE:CLI) stands at 3.17. Earnings Review Mack-Cali Realty Corporation (NYSE:CLI) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.53.

Coming to the quarter ending on 2015-12-31, Mack-Cali Realty Corporation (NYSE:CLI) recorded EPS of $0.55. The reported numbers came lower than the analysts’ estimates of $0.53, demonstrating a miss of $0.02 as against reported figures.

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