Macerich Declares The Quarterly Dividend On Its Common Shares
The Board of Directors of Macerich has declared a quarterly cash dividend of $0.15 per share on its common stock.
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Rhea-AI Summary
The Board of Directors of Macerich has declared a quarterly cash dividend of $0.15 per share on its common stock. This dividend is set to be paid on June 3, 2021, to stockholders of record by the close of business on May 7, 2021. Macerich focuses on the acquisition, leasing, and management of regional malls across the United States, owning around 50 million square feet of real estate, primarily in 46 regional shopping centers. The company has been recognized for sustainability, holding the #1 GRESB ranking in the North American Retail Sector for six consecutive years.
Positive
- Declared a quarterly cash dividend of $0.15 per share, indicating steady income for shareholders.
- Strong focus on sustainability with a top ranking in the GRESB North American Retail Sector.
Negative
- None.
Details
News Market Reaction – MAC
The recorded move for MAC in the trading session of this news was -2.27%.
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SANTA MONICA, Calif., April 29, 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 June 3, 2021 to stockholders of record at the close of business on May 7, 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, 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.
View original content:http://www.prnewswire.com/news-releases/macerich-declares-the-quarterly-dividend-on-its-common-shares-301280721.html
SOURCE Macerich Company
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