Cali Realty Corporation declares six percent increase in cash dividend effective third quarter 1996.CRANFORD, N.J.--(BUSINESS WIRE)--September 18, 1996--Cali Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corporation (NYSE NYSE See: New York Stock Exchange :CLI (1) (Call Level Interface) A database programming interface from the SQL Access Group (SAG), an SQL membership organization. SAG's CLI is an attempt to standardize the SQL language for database access. ) today announced a six percent increase in its quarterly cash dividend to $0.45 per share effective for the quarter ending September 30, 1996. This is an indicated annual rate of $1.80 per share. The previous quarterly dividend was $0.425 per share, an indicated annual rate of $1.70 per share. The dividend will be paid on October 18, 1996 to shareholders of record as of October 3, 1996. Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) providing leasing, management, acquisition, development, construction and tenant-related services for its portfolio. The Company owns 45 properties, primarily Class A office and office/flex buildings, totaling approximately 4.6 million square feet. All of the properties are located in New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pennsylvania. CONTACT: Cali Realty Corporation Barry Lefkowitz Chief Financial Officer (908) 272-8000 |
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