Macerich (MAC) Lowers Quarterly Dividend 70% to $0.15; 7.5% Yield

Macerich (NYSE: MAC) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 70% decrease from the prior dividend of $0.50.

The dividend will be payable on September 8, 2020, to stockholders of record on August 19, 2020, with an ex-dividend date of August 18, 2020.

The annual yield on the dividend is 7.5 percent.

• The Board's decision to reduce the dividend allows us to preserve liquidity and financial flexibility in the continued uncertain economic environment resulting from the COVID-19 pandemic. The Board will continue to re-evaluate the Company's prospective dividend policy each quarter," said Thomas O'Hern, Chief Executive Officer.

For a dividend history and other dividend-related data on Macerich (MAC) click here.

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