Macerich Company (MAC) Ex-Dividend Date Scheduled for May 08, 2013


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Macerich Company ( MAC ) will begin trading ex-dividend on May 08, 2013. A cash dividend payment of $0.58 per share is scheduled to be paid on June 07, 2013. Shareholders who purchased MAC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that MAC has paid the same dividend. At the current stock price of $70.81, the dividend yield is 3.28%.

The previous trading day's last sale of MAC was $70.81, representing a -1.91% decrease from the 52 week high of $72.19 and a 30.36% increase over the 52 week low of $54.32.

MAC is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). MAC's current earnings per share, an indicator of a company's profitability, is $2.73. Zacks Investment Research reports MAC's forecasted earnings growth in 2013 as -15.25%, compared to an industry average of 4.3%.

For more information on the declaration, record and payment dates, visit the MAC Dividend History page.

Interested in gaining exposure to MAC through an Exchange Traded Fund [ETF]?
The following ETF(s) have MAC as a top-10 holding:

  • iShares FTSE NAREIT Retail Index Fund ( RTL )
  • PowerShares Active U.S. Real Estate Fund ( PSR )
  • SPDR S&P 400 Mid Cap Value ETF (based on S&P MidCap 400 Value ( MDYV )
  • Vanguard S&P Mid-Cap 400 Value ETF ( IVOV )
  • iShares S&P MidCap 400/Barra Value Index Fund ( IJJ ).

The top-performing ETF of this group is MDYV with an increase of 22.33% over the last 100 days. RTL has the highest percent weighting of MAC at 6.96%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , Stocks

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