Macerich Declares the Quarterly Dividend on Its Common Shares

Rhea-AI Summary

The Board of Directors of Macerich (NYSE: MAC) has declared a quarterly cash dividend of $.17 per share, payable on March 3, 2023. This dividend will be provided to stockholders of record at the close of business on February 17, 2023. Macerich operates as a leading real estate investment trust (REIT), focusing on high-quality retail real estate primarily in densely populated U.S. markets, including California and the Metro New York area. The company's commitment to sustainability is highlighted by its #1 GRESB ranking in the North American retail sector for eight consecutive years.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $.17 per share enhances shareholder income.
• Strong commitment to sustainability demonstrated by a #1 GRESB ranking for eight years.

Negative

• None.

News Market Reaction – MAC

+3.01%

1 alert

+3.01% News Effect

On the day this news was published, MAC gained 3.01%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANTA MONICA, Calif., Jan. 27, 2023 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock.  The dividend is payable on March 3, 2023, to stockholders of record at the close of business on February 17, 2023. 

About Macerich
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 47 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for the North American retail sector for eight years (2015-2022). For more information, please visit www.Macerich.com.

Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.

MAC-I
SOURCE: Macerich

 

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SOURCE Macerich Company

FAQ

What is the dividend amount declared by MAC?

The dividend amount declared by Macerich (NYSE: MAC) is $.17 per share.

When is the dividend payable for MAC?

The dividend for Macerich is payable on March 3, 2023.

What is the record date for MAC's dividend?

The record date for Macerich's dividend is February 17, 2023.

How often does MAC declare dividends?

Macerich declares quarterly dividends.

What is MAC's commitment to sustainability?

Macerich has achieved a #1 GRESB ranking in the North American retail sector for eight consecutive years, highlighting its commitment to sustainability.