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.

TheStreet Ratings rates Mack-Cali as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Mack-Cali Ratings Report.

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