Macerich Declares Quarterly Cash Dividend on Common Shares
April 30 2010 - 6:00AM
PR Newswire (US)
SANTA MONICA, Calif.,
April 30 /PRNewswire-FirstCall/ --
The Board of Directors of The Macerich Company (NYSE: MAC) declared
a quarterly cash dividend of $.50 per
share of common stock. The dividend is payable on
June 8, 2010 to stockholders of
record at the close of business on May 10,
2010. This represents the Company's return to a 100%
cash dividend and is a 4.4% annualized dividend yield based on
yesterday's closing price.
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 a
91% ownership interest in The Macerich Partnership, L.P. Macerich
now owns approximately 74 million square feet of gross leasable
area consisting primarily of interests in 71 regional malls.
Additional information about Macerich can be obtained from the
Company's website at www.macerich.com.
SOURCE The Macerich Company
Copyright l 30 PR Newswire
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