Macerich Declares Its Quarterly Dividend
July 31 2008 - 5:37PM
PR Newswire (US)
SANTA MONICA, Calif., July 31 /PRNewswire-FirstCall/ -- The Board
of Directors of The Macerich Company (NYSE:MAC) declared a dividend
of $0.80 per share of common stock to stockholders of record on
August 21, 2008. In addition, Macerich declared a dividend of $0.80
per share on its Series A Cumulative Preferred Stock. The dividends
are payable on September 8, 2008. Based on today's closing stock
price the dividend represents an annualized dividend yield of
5.78%. Macerich 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 86% ownership interest in The
Macerich Partnership, L.P. Macerich now owns approximately 77
million square feet of gross leaseable area consisting primarily of
interests in 72 regional malls. Additional information about
Macerich 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,
+1-310-394-6000 Web site: http://www.macerich.com/
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