Macerich Declares Quarterly Dividend on Common Shares
February 03 2011 - 6:00AM
PR Newswire (US)
SANTA MONICA, Calif.,
Feb. 3, 2011 /PRNewswire/ -- 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 March 8, 2011 to stockholders of record at the
close of business on February 22,
2011. This represents a 4.15% 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 Macerich
Copyright 2011 PR Newswire
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