Mack-Cali Realty Corporation Suspends Dividend for Third and Fourth Quarters of 2020
JERSEY CITY, N.J. , Sept. 30, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) announced today that it will be suspending its common dividend for the third and fourth quarters of 2020. Having satisfied its dividend obligation on taxable income expected for 2020, the Company has made the strategic decision to suspend distribution of its common stock dividends for the third and fourth quarters of 2020 in an effort to provide greater financial flexibility during the pandemic and to retain incremental capital to support leasing initiatives at its Harborside campus on the Jersey City waterfront. The Board intends to revisit the resumption of the quarterly dividend in the first quarter of 2021. The Company also announced … Full story available on Benzinga.com
Mack-Cali Realty Corporation Suspends Dividend for Third and Fourth Quarters of 2020
JERSEY CITY, N.J. , Sept. 30, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) announced today that it will be suspending its common dividend for the third and fourth quarters of 2020. Having satisfied its dividend obligation on taxable income expected for 2020, the Company has made the strategic decision to suspend distribution of its common stock dividends for the third and fourth quarters of 2020 in an effort to provide greater financial flexibility during the pandemic and to retain incremental capital to support leasing initiatives at its Harborside campus on the Jersey City waterfront. The Board intends to revisit the resumption of the quarterly dividend in the first quarter of 2021. The Company also announced … Full story available on Benzinga.com