Macerich (MAC) Declares $0.65 Quarterly Dividend; 3.1% Yield

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Go back to Macerich (MAC) Declares $0.65 Quarterly Dividend; 3.1% Yield

Macerich Declares The Quarterly Dividend On Its Common Shares

April 24, 2015 2:48 PM EDT

SANTA MONICA, Calif., April 24, 2015 /PRNewswire/ -- The Board of Directors of The Macerich Company (NYSE: MAC) declared a quarterly cash dividend of $.65 per share of common stock.  The dividend is payable on June 5, 2015 to stockholders of record at the close... More

Orange Capital/L&B Is Highly Confident That There Is Overwhelming Shareholder Support for Its Pro-Shareholder Agenda

April 23, 2015 1:54 PM EDT

Believes Macerich is continuing its pattern of trampling on the rights of shareholders and instead, Macerich should:

(a) Immediately end litigation with L&B and allow shareholders to vote for an alternative slate of directors at the upcoming annual meeting; and

(b) Create a special committee, comprised of a majority of newly elected or appointed independent directors, to explore strategic alternatives and maximize shareholder value, including engagement with Simon Property Group.

STAMFORD, Conn.--(BUSINESS WIRE)-- Orange Capital, LLC... More