Macerich Declares the Quarterly Dividend on Its Common Shares

Rhea-AI Summary

The Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share, payable on September 8, 2022, to stockholders of record as of August 19, 2022. Macerich is a leading real estate investment trust (REIT) focused on high-quality retail properties in densely populated U.S. markets. With a portfolio of 48 million square feet across 44 regional town centers, it has been ranked #1 for sustainability in the North American retail sector for seven consecutive years (2015-2021). Visit www.macerich.com for more information.

Positive

• Declared a quarterly cash dividend of $.15 per share, enhancing shareholder income.
• Strong portfolio of 48 million square feet across 44 regional town centers.
• Ranked #1 in sustainability for seven years, indicating strong corporate governance.

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• None.

SANTA MONICA, Calif., July 20, 2022 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.15 per share of common stock. The dividend is payable on September 8, 2022 to stockholders of record at the close of business on August 19, 2022.

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor.

Developing and managing properties that serve as community cornerstones, Macerich currently owns 48 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for the North American retail sector for seven straight years (2015-2021). For more information, please visit www.Macerich.com.

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SOURCE Macerich Company

FAQ

What is the dividend amount declared by Macerich?

Macerich declared a quarterly cash dividend of $.15 per share.

When is the dividend payable to shareholders?

The dividend is payable on September 8, 2022.

What is the record date for the dividend?

The record date for the dividend is August 19, 2022.

How large is Macerich's real estate portfolio?

Macerich's portfolio consists of 48 million square feet of real estate.

In which markets does Macerich primarily operate?

Macerich primarily operates in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor.