The Macerich Company Declares Its Quarterly Dividend
July 30 2004 - 3:30PM
PR Newswire (US)
The Macerich Company Declares Its Quarterly Dividend SANTA MONICA,
Calif., July 30 /PRNewswire-FirstCall/ -- The Board of Directors of
The Macerich Company (NYSE:MAC) declared a quarterly dividend of
$0.61 per share of common stock to stockholders of record on August
20, 2004. In addition, Macerich declared a dividend of $0.61 per
share on its Series A Cumulative Preferred Stock. The dividends are
payable on September 10, 2004. Based on yesterday's closing stock
price, the dividend yield on an annualized basis is 5.19%. The
Macerich Company 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 81% ownership interest in The
Macerich Partnership, L.P. Macerich now owns approximately 61
million square feet of gross leaseable area consisting primarily of
interests in 62 regional malls. Additional information about The
Macerich Company 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, Executive Vice President and Chief Financial Officer, both
of The Macerich Company, +1-310-394-6000 Web site:
http://www.macerich.com/
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