The Macerich Company Declares an Increase in Its Quarterly Dividend
October 26 2005 - 7:01PM
PR Newswire (US)
SANTA MONICA, Calif., Oct. 26 /PRNewswire-FirstCall/ -- The Board
of Directors of The Macerich Company (NYSE:MAC) declared a 4.6%
increase in its quarterly dividend to $0.68 per share of common
stock to stockholders of record on November 15, 2005. This
represents the 11th consecutive year that Macerich has increased
its dividend. In addition, Macerich declared a dividend of $0.68
per share on its Series A Cumulative Preferred Stock. The dividends
are payable on December 9, 2005. The Macerich Company is a fully
integrated self-managed and self-administered real estate
investment trust, which focuses on the acquisition, leasing,
management, development and redevelopment of regional malls
throughout the United States. The Company is the sole general
partner and owns an 82% ownership interest in The Macerich
Partnership, L.P. Macerich owns approximately 79 million square
feet of gross leaseable area consisting primarily of interests in
75 regional malls. Additional information about The Macerich
Company can be obtained from the Company's web site at
http://www.macerich.com/. DATASOURCE: The Macerich Company CONTACT:
Arthur Coppola, President and Chief Executive Officer, or Thomas
O'Hern, Executive Vice President and Chief Financial Officer, both
of The Macerich Company, +1-310-394-6000 Web site:
http://www.macerich.com/
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