Macerich Declares Its Quarterly Dividend
October 26 2007 - 2:44PM
PR Newswire (US)
SANTA MONICA, Calif., Oct. 26 /PRNewswire-FirstCall/ -- The Board
of Directors of The Macerich Company (NYSE:MAC) declared a 13%
increase in its quarterly dividend to $0.80 per share of common
stock to stockholders of record on November 15, 2007. This
represents the 13th consecutive year that Macerich has increased
its dividend. In addition, Macerich declared a dividend of $0.80
per share on its Series A Cumulative Preferred Stock. The dividends
are payable on December 7, 2007. 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 85% ownership interest in The Macerich
Partnership, L.P. Macerich owns approximately 78 million square
feet of gross leaseable area consisting primarily of interests in
73 regional malls. Additional information about Macerich can be
obtained from the Company's web site at http://www.macerich.com/.
DATASOURCE: Macerich CONTACT: Arthur Coppola, President and Chief
Executive Officer, or Thomas O'Hern, Executive Vice President and
Chief Financial Officer, both of Macerich, +1-310-394-6000 Web
site: http://www.macerich.com/
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