Macerich Declares Quarterly Cash Dividend on Common Shares
October 29 2010 - 3:58PM
PR Newswire (US)
SANTA MONICA, Calif.,
Oct. 29 /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
December 8, 2010 to stockholders of
record at the close of business on November
12, 2010. This represents a 4.57% 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. Macerich owns approximately 73 million square feet
of gross leaseable 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 . 29 PR Newswire
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