The Macerich Company Increases Its Quarterly Dividend, Again!
October 29 2004 - 6:31PM
PR Newswire (US)
The Macerich Company Increases Its Quarterly Dividend, Again! SANTA
MONICA, Calif., Oct. 29 /PRNewswire-FirstCall/ -- The Board of
Directors of The Macerich Company (NYSE:MAC) declared a quarterly
dividend of $0.65 per share of common stock to stockholders of
record on November 15, 2004. In addition, Macerich declared a
dividend of $0.65 per share on its Series A Cumulative Preferred
Stock. The dividends are payable on December 9, 2004. This
represents a 6.6% increase over the previous dividend. Macerich has
increased its dividend each year since going public in 1994. 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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