Macerich Declares The Quarterly Dividend On Its Common Shares
The Board of Directors of the Macerich Company declared a quarterly cash dividend of $.15 per share of common stock.
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Rhea-AI Summary
The Board of Directors of the Macerich Company declared a quarterly cash dividend of $.15 per share of common stock. This dividend will be paid on December 3, 2021 to stockholders of record by the close of business on November 9, 2021. Macerich is a self-managed real estate investment trust (REIT) focused on regional malls in the U.S., owning 49 million square feet across 45 shopping centers. The company has achieved #1 GRESB ranking in the North American Retail Sector for sustainability for seven consecutive years.
Positive
- Quarterly cash dividend of $.15 per share announced.
- Dividend payment indicates company confidence and commitment to shareholders.
- Sustainability leader with #1 GRESB ranking for seven years.
Negative
- None.
Details
News Market Reaction – MAC
The recorded move for MAC in the trading session of this news was +1.23%.
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SANTA MONICA, Calif., Oct. 28, 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 December 3, 2021 to stockholders of record at the close of business on November 9, 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 49 million square feet of real estate consisting primarily of interests in 45 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 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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