Macerich Declares the Quarterly Dividend on Its Common Shares
Rhea-AI Summary
The Macerich Company (NYSE: MAC) has announced a quarterly cash dividend of $0.17 per share of common stock. This dividend will be payable on September 9, 2024, to stockholders of record at the close of business on August 19, 2024. The declaration was made by Macerich's Board of Directors, demonstrating the company's commitment to returning value to its shareholders. This regular dividend payout reflects Macerich's ongoing financial stability and confidence in its cash flow generation capabilities, which is particularly noteworthy in the real estate investment trust (REIT) sector.
Positive
- Consistent dividend payout indicates financial stability
- Dividend of $0.17 per share provides income for shareholders
- Timely announcement allows investors to plan for upcoming dividend
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MAC gained 3.77%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SANTA MONICA, Calif., July 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of the Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.17 per share of common stock. The dividend is payable on September 9, 2024, to stockholders of record at the close of business on August 19, 2024.
About Macerich
Macerich is a fully integrated, self-managed, 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 45 million square feet of real estate, consisting primarily of interests in 42 retail 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 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023). For more information, please visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.
MAC-I
SOURCE: Macerich
INVESTOR CONTACT: Samantha Greening, AVP, Investor Relations: Samantha.Greening@macerich.com
FAQ
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