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Mack-Cali considers declassifying board, declares quarterly dividend

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Edison-based real estate investment trust Mack-Cali Realty Corp. announced Thursday its board has approved a cash dividend of 30 cents per common share.

The dividend covers the period from July 1 through Sept. 30, and will be paid Oct. 11.

According to the announcement, the company also announced its board of directors made a determination to recommend to its shareholders a proposal to amend the company's charter to declassify or to "de-stagger" its board of directors.

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