Macerich Keeps Dividend Steady

Regional mall REIT Macerichannounced today its third-quarter dividend of $0.58 per share, the same rate it's paid for the past three quarters after raising the payout 5% from $0.55 per share.

The board of directors said the quarterly dividend is payable on September 6 to holders of record at the close of business on August 20. The regular dividend payment equates to a $2.32-per-share annual dividend, yielding 3.7% based on the closing price today of Macerich's stock.

MAC Dividend Chart


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The article Macerich Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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