Mack numbers are up.Mack-Cali Realty Corporation announced that its Board of Directors has declared an increased common cash dividend of $0.64 per common share for the period July 1, 2006 through September 30, 2006. This is equivalent to an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. dividend of $2.56 per common share, a 1.6% increase from the previous annualized dividend of $2.52 per common share. The dividend will be paid on October 16, 2006 to shareholders of record as of October 4, 2006. The Board also declared a cash dividend on its 8 percent Series C cumulative redeemable perpetual preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. ($25 liquidation value Liquidation value Net amount that could be realized by selling the assets of a firm after paying the debt. per depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. share, each representing 11100'h of a share of preferred stock) equal to $0.50 per depositary share for the period July 15, 2006 through October 14, 2006. |
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