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NEW YORK ( TheStreet) -- The ex-dividend date for Mack-Cali Realty (NYSE: CLI) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $26.79 as of 9:30 a.m. ET, the dividend yield is 6.8%. The average volume for Mack-Cali has been 1.3 million shares per day over the past 30 days. Mack-Cali has a market cap of $2.32 billion and is part of the financial sector and real estate industry. Shares are down 19.6% year to date as of the close of trading on Thursday. 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 37.4, above the average real estate industry P/E ratio of 36.9 and above the S&P 500 P/E ratio of 17.7.