NEW YORK ( TheStreet) -- The ex-dividend date for Mack-Cali Realty Corporation (NYSE: CLI) is tomorrow, April one, 2011. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $34.01 as of 9:31 a.m. ET, the dividend yield is 5.4%. The average volume for Mack-Cali has been 995,100 shares per day over the past 30 days. Mack-Cali has a market cap of $2.7 billion and is part of the financial sector and real estate industry. Shares are up 2.5% year to date as of the close of trading on Wednesday. Mack-Cali Realty Corporation is a real estate investment trust (REIT). It engages in the leasing, management, acquisition, development, and construction of commercial real estate properties in the United States. The company has a P/E ratio of 53.9, above the average real estate industry P/E ratio of 49.9 and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Mack-Cali as hold. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Mack-Cali Ratings Report. See our dividend calendar or top-yielding stocks list.