Macerich Declares a 10% Increase in its Quarterly Dividend
October 27 2011 - 5:27PM
PR Newswire (US)
SANTA MONICA, Calif.,
Oct. 27, 2011 /PRNewswire/ -- The
Board of Directors of The Macerich Company (NYSE: MAC) declared a
quarterly cash dividend of $.55 per
share of common stock. This represents a 10% increase over
the prior dividend. The dividend is payable on December 8, 2011 to stockholders of record at the
close of business on November 11,
2011. On an annualized basis, the new dividend
has a 4.4% yield based on today's closing share 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 72 million square feet
of gross leaseable area consisting primarily of interests in 71
regional centers. Additional information about Macerich can be
obtained from the Company's website at
www.macerich.com.
SOURCE Macerich Company
Copyright 2011 PR Newswire
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