Macerich Co (MAC) Approves $0.60 Quarterly Dividend
Down)
The Board of Directors of The Macerich Company (NYSE: MAC) declared a quarterly dividend of $.60 per share of common stock, consisting of a combination of cash and shares of the Company's common stock. The dividend is payable on December 21, 2009 to stockholders of record at the close of business on November 12, 2009.
In order to comply with REIT taxable income distribution requirements, while retaining capital and enhancing the Company's financial flexibility, the Board of Directors has determined that the cash component of the dividend (other than cash paid in lieu of fractional shares) will not exceed 10% in the aggregate, or $.06 per share, with the balance payable in shares of the Company's common stock.
[SM]
In order to comply with REIT taxable income distribution requirements, while retaining capital and enhancing the Company's financial flexibility, the Board of Directors has determined that the cash component of the dividend (other than cash paid in lieu of fractional shares) will not exceed 10% in the aggregate, or $.06 per share, with the balance payable in shares of the Company's common stock.
[SM]
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