MACERICH DECLARES THE QUARTERLY DIVIDEND ON ITS COMMON SHARES
The Board of Directors of Macerich declared a quarterly cash dividend of $.15 per share of common stock, payable on June 3, 2022.
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Rhea-AI Summary
The Board of Directors of Macerich declared a quarterly cash dividend of $.15 per share of common stock, payable on June 3, 2022. The record date for stockholders is May 20, 2022. Macerich, a leading real estate investment trust (REIT), specializes in the management and redevelopment of regional malls across the United States. The company owns 48 million square feet of real estate, focusing on prime retail properties in densely populated markets, particularly on the West Coast and the Northeast. Macerich is also recognized for its sustainability efforts, achieving top rankings in the GRESB assessment.
Positive
- Declared a quarterly cash dividend of $.15 per share, indicating income for shareholders.
- Macerich's significant real estate holdings (48 million square feet) highlight its strong market presence.
- Ranked #1 in sustainability within the North American Retail Sector for seven consecutive years.
Negative
- None.
Details
News Market Reaction – MAC
The recorded move for MAC in the trading session of this news was -2.74%.
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SANTA MONICA, Calif., May 9, 2022 /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, 2022 to stockholders of record at the close of business on May 20, 2022.
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 48 million square feet of real estate consisting primarily of interests in 44 regional town 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 seven straight years (2015 – 2021). 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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