Macerich Declares Its Quarterly Dividend
October 31 2008 - 6:00AM
PR Newswire (US)
SANTA MONICA, Calif., Oct. 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
November 17, 2008. The dividends are payable on December 8, 2008.
Based on yesterday's closing stock price the dividend represents an
annualized dividend yield of 12.0%. 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, Senior Executive Vice President and Chief Financial
Officer, both of The Macerich Company, +1-310-394-6000 Web Site:
http://www.macerich.com/
Copyright
Macerich (NYSE:MAC)
Historical Stock Chart
From May 2024 to Jun 2024
Macerich (NYSE:MAC)
Historical Stock Chart
From Jun 2023 to Jun 2024