Macerich Declares The Quarterly Dividend On Its Common Shares
The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, payable on September 8, 2021, to stockholders of record by the close of business on August 19, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
The Macerich Company (NYSE: MAC) announced a quarterly cash dividend of $.15 per share, payable on September 8, 2021, to stockholders of record by the close of business on August 19, 2021.
As a real estate investment trust (REIT), Macerich specializes in the acquisition, management, and development of regional malls across the United States, owning 50 million square feet of real estate, primarily in 46 shopping centers. The company has also achieved notable recognition for sustainability, holding the #1 GRESB ranking in North American Retail for six consecutive years (2015-2020).
Positive
- Declaration of a quarterly cash dividend of $.15 per share.
- Strong ownership of 50 million square feet of real estate across 46 regional malls.
- Sustained leadership in sustainability recognized by the #1 GRESB ranking.
Negative
- None.
Details
News Market Reaction – MAC
The recorded move for MAC in the trading session of this news was -2.34%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SANTA MONICA, Calif., July 30, 2021 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock. The dividend is payable on September 8, 2021 to stockholders of record at the close of business on August 19, 2021.
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.
Macerich currently owns 50 million square feet of real estate consisting primarily of interests in 46 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence on the West Coast, and in Arizona and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for six straight years (2015 – 2020). Additional information about Macerich can be obtained from the Company's website at www.Macerich.com.
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SOURCE Macerich Company
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