SANTA MONICA, Calif., Oct. 25, 2018 /PRNewswire/ -- The Board of Directors of the Macerich Company (NYSE: MAC) declared an increase in its quarterly cash dividend to $.75 per share of common stock. The dividend is payable on December 3, 2018 to stockholders of record at the close of business on November 9, 2018.
Macerich, an S&P 500 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.
Macerich currently owns 52 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor.
A recognized leader in sustainability, Macerich has earned NAREIT's prestigious "Leader in the Light" award every year from 2014-2017. For the third straight year in 2017 Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.
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SOURCE Macerich Company
Thomas O'Hern, Senior Executive Vice President, Chief Financial Officer and Treasurer, (310) 394-6000 or Jean Wood, Vice President Investor Relations (424) 229-3366