NEW YORK (

TheStreet

) -- The ex-dividend date for

Macerich Company

(NYSE:

MAC

) is tomorrow, February 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $55.48 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for Macerich has been 855,100 shares per day over the past 30 days. Macerich has a market cap of $7.14 billion and is part of the

financial

sector and

real estate

industry. Shares are up 9.8% year to date as of the close of trading on Wednesday.

The Macerich Company operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 22.2, below the average real estate industry P/E ratio of 386.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Macerich as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Macerich Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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